PORTRIX LOGISTIC SOFTWARE GmbH

Completed Date

2021-05-07

Sector

TMT

Deal Type

Company sales

Value

Not disclosed

Company bio

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 to the Project

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.

Deal Contacts

Ulrich Schneider

Managing Partner

Philipp Silberzahn

Proventis Partners is the exclusive German partner of Mergers Alliance

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