Buyout funds, including KKR, Hellman & Friedman and Blackstone, have expressed interest in German transport logistics software company Transporeon as private equity owner Hg reviews options to cash out, four sources familiar with the situation told Reuters.
Transporeon specialises in cloud-based logistics know-how and may very well be valued at about 1 billion euros ($1.14 billion) by potential consumers, the sources stated.
With gross sales of nearly 280 billion in 2018, Germany has the most important logistics market in Europe – better than France and the United Kingdom mixed. Germany additionally ranks because the world’s third largest exporter and importer of items, primarily based on knowledge from Germany Trade & Invest (GTAI).
Last 12 months, Softbank (9984.T) led a $240 million funding spherical for German freight know-how startup Forto, whereas Berlin-based digital freight forwarder Sennder raised $160 million from buyers, valuing the enterprise at greater than $1 billion.
Read more: Reuters
