Software and services sector investor Hg has sold Transporeon, a cloud-based transportation management software platform, to Trimble in a transaction valuing the business at an enterprise value of €1.88 billion.
Software and services sector investor Hg has sold Transporeon, a cloud-based transportation management software platform, to Trimble in a transaction valuing the business at an enterprise value of €1.88 billion.
Transporeon provides a leading cloud-based logistics and transport management platform, solving 360-degree freight problems by enabling automation, real-time insights and collaboration on €48 billion of annual freight.
The sale marks the fourth full Hg realisation to a strategic buyer in the last 12 months, with the company having previously sold Medifox to ResMed, Allocate Software to RL Datix and itm8 which merged with AddPro. The deals have enabled Hg to return a combined $7 billion to clients in the last 12 months.
The transaction is expected to close in the first half of 2023, subject to customary closing conditions including regulatory approvals.
