Posted on December 14, 2022
Trimble has agreed to acquire cloud-based transportation management software platform Transporeon for $1.98 billion. Transporeon operates predominantly in Europe, as well as in developed markets across the Americas and Asia.
Transporeon’s software platform provides modular applications that power a global network for 145,000 carriers and 1,400 shippers and load recipients with an integrated suite of sourcing, planning, execution, monitoring and settlement tools. Its open platform integrates with more than 3,000 global ERP and transportation management systems, enabling a dense network to facilitate more than 25 million on-platform transports in 2022.
“Transporeon is a leading market player with a large TAM, profitable growth and a platform focused on connected supply chain infrastructure, all of which are highly aligned with Trimble’s Connect & Scale strategy,” said Trimble CEO Rob Painter. “… Transporeon has exhibited rapidly increasing network density and an accelerating customer adoption curve. Its solutions are deeply integrated with carriers and shippers, and we are confident the platform will play an increasingly important role in the modernization of supply chains globally. We look forward to working together to enhance and expand on the company’s significant growth trajectory, and to offer enhanced TMS platform solutions to Transporeon customers in Europe and to Trimble customers in the North American market.”
Transporeon CEO Stephan Sieber added that the transaction “will give us the runway to take what we have created to the next level by uniting our powerful European platform with Trimble’s North American carrier-focused platform.”