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Hg picks up Transporeon from TPG

Hg picks up Transporeon from TPG – Hg, manager of HgCapital Trust, has agreed to invest in Transporeon Group, one of the world’s leading cloud-based logistics platforms.

HgCapital Trust will invest approximately GBP35.0 million in Transporeon, with other institutional clients of Hg investing alongside the Company through the Hg8 Fund. Founded in 2000 and headquartered in Ulm, Germany, Transporeon is a cloud-based logistics platform with strong network effects, connecting a global network of over 1,000 shippers and almost 90,000 carriers, enabling them to source, communicate, collaborate and transact more efficiently, whilst also helping to lower CO2 emissions by up to 10% through the reduction of empty cargo trucks (backhauls).

Transporeon serves a global blue-chip and European enterprise customer base and Europe’s leading carrier network with more than 100,000 users across 100 countries, who use the group’s software-as-a-service solutions and platform, which is available in 24 languages, for freight sourcing, carrier assignment, time slot management, visibility and market intelligence. Transporeon employs 600 people in nine locations around the world.

Stefan Margolis, Justin von Simson and Jean-Baptiste Brian at Hg, said: “We have been tracking Transporeon for many years. We believe that it is a very unique platform, with significant further organic growth potential, at the forefront of freight industry digitalisation. Using its cloud-based technology solutions, Transporeon helps to reduce complexity and increase efficiency, in what is still a highly inefficient, large, fragmented global logistics market.”

Marc-Oliver Simon, co-founder and CEO of Transporeon said: “We’d like to thank TPG for their commitment and significant contribution over the past three years. We are excited to work with Hg, tapping into their deep experience and track record in working with technology companies, to help us achieve our vision around the digitalisation of the freight industry, whilst also delivering the best solutions for our customers and global network.”

HGT : Hg picks up Transporeon from TPG

 

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