Berenberg Bank provided debt financing for the transaction.
The investment, which will close once merger approval has been obtained, is designed to allow Transporeon to continue to grow internationally. It has already begun its expansion with ThyssenKrupp in the USA.
Led by CEO and founder Peter Förster, Transporeon consists of the web-based logistic platform Transporeon and TICONTRACT GmbH, which specializes in online freight tenders. Transporeon operates through 13 local offices and has 170 employees. Founded in 2000, the firm has 450 customers in manufacturing and trade, as well as the 20,000 logistics firms connected to them.
It serves customers such as Coca-Cola, Knauf, Volkswagen, DHL and Nestle.