Proventis Partners (Germany) advised Portrix Logistic Software on its sale to Descartes Systems Group Inc.

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.

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.

The shareholders of PORTRIX LOGISTIC SOFTWARE sold their company to Descartes Systems Group Inc., the Canadian 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.

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