Ulrich Schneider
Proventis Partners
PORTRIX LOGISTIC SOFTWARE GmbH
Deal Type
Company sale
Sector
Technology
Completion Date
7th May 2021
Deal Value
Not disclosed
Company Background
Headquartered in Hamburg, Germany, PORTRIX LOGISTIC SOFTWARE (PLS) has been helping its customers, which include some of the world’s largest LSPs, streamline and automate complex global shipping rate management processes for more than 10 years. The company’s core product, Global Price Management (GPM), is used by customers to enable global shipment routing, pricing, rating and capacity allocation management. PLS‘ solutions integrate with key systems that need fast, accurate, and complete shipping and pricing options, including CRM, transportation management, and customer-facing online booking platforms, such as Descartes Kontainers.
Deal Summary
The shareholders of PORTRIX LOGISTIC SOFTWARE (PLS), a leading provider of multimodal rate management solutions for logistics providers sold their company to the Descartes Systems Group Inc., the global leader in uniting logistics-intensive businesses in commerce.
With the acquisition of PLS, Descartes further strengthens its rate management capabilities on the Global Logistics Network.
Proventis Partners acted as exclusive M&A advisor to the shareholders of PLS and supported them throughout the entire transaction. Services included the preparation of transaction documents, identification of suitable investors, execution of a structured sales process, coordination of the due diligence process and commercial SPA negotiations.
Value Added
Proventis Partners provided critical transaction support to the shareholders of PLS and guided them through a competitive auction process, helping to find an ideally suited strategic partner, while maximizing the transaction value.
PORTRIX LOGISTIC SOFTWARE GmbH deal contacts
Key members of the Proventis Partners deal team crucial in the PORTRIX LOGISTIC SOFTWARE GmbH transaction
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