Hg to acquire Transporeon Group
Hg is to acquire majority interest of cloud-based business network for industrial logistics Transporeon Group from investor TPG Capital.
“Our partnership with TPG has been hugely rewarding and their experience in developing software companies has been very beneficial to Transporeon’s continued momentum,” said Transporeon co-founder and CTO Martin Mack. “We now look forward to working with Hg on the next step of our journey.”
Terms of the transaction are not being disclosed.