Navitrans, a Kortrijk, Belgium based provider of logistics software solutions for transport service providers across Europe, received a majority investment from Firmament.
The amount of the deal was not disclosed.
The investment is intended to support both supply chain technology product development and strategic acquisitions.
Navitrans provides mission-critical transportation management software and warehouse management software for logistics service providers in Europe, primarily across Belgium, the Netherlands, Denmark, and Switzerland. Their products support shippers and carriers with order collection, logistics planning, fleet monitoring and communication, reporting, integrated accounting solutions, tariff calculation, automated invoicing, and warehouse planning, among other functions.
The executive management team, including CEO Bart Beeckmans, will remain in place. Valsoft Corporation, which specializes in the acquisition and development of vertical market software businesses, will continue as a minority shareholder alongside Firmament.
Joining Navitrans as a board member will be supply chain thought leader Larry Cuddy.
FinSMEs
16/01/2024