Hg buys stake in Transporeon
After nearly three years of successful cooperation, the private equity company TPG Capital is selling its shares in the Transporeon Group to the investor Hg. Transporeon is a provider of cloud-based transport logistics.
Hg decided to purchase a stake in Transporeon because of its market position and the continuous expansion of its logistics network.
Stefan Margolis,Hg director, explained: "We have followed Transporeon’s development for many years and reckon that this unique logistics platform has considerable potential for further organic growth.”
Justin von Simson, an Hg managing partner, added: "Cloud-based solutions can be used to overcome the complexity of the global logistics market and increase efficiency substantially. We look forward to the cooperation and are convinced that Transporeon’s success will continue. "(mw)