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Transplace, a carrier logistics management company, is acquired by Uber

Transplace, a firm specialized in transport logistics supply network management software, was acquired by Uber.

The transaction was agreed for a figure of $ 2.25 billion dollars, 750 million corresponding only to Uber shares.

Transplace se suma a Uber Freight

Uber Freight is a platform dedicated exclusively to connecting truckers with people who seek to send goods through that medium. All this, inserted under a dynamic similar to that of its passenger transport or food delivery services.

As a reinforcement for this freight forwarding unit, Uber acquired Transplace from private equity firm TPG Capital. This company from Texas, United States, which is dedicated to developing digital logistics solutions for more than 62 thousand unique users, according to its records.

Frank McGuigan, CEO of Transplace, commented that “Aa acquisition will combine the world’s leading sender network platform with one of the most innovative delivery platforms in the industry”, adding that their main expectation is that “Carriers see greater efficiency and transparency and that carriers benefit from scale to drive better operating ratios”.

From Uber, Lior Ron, the head of the unit involved, pointed out that as a result of this transaction, “an industry-first shipper-to-carrier platform that will transform entire carrier supply chains, providing operational resilience and lowering costs at a time when it matters most ». “This is a significant step forward, not just for Uber Freight, but for the entire logistics ecosystem”, he also sentenced.

Although there will inevitably be a crossover between the two platforms, already patented in an improvement of Transplace’s support services, with Uber technology, in the statement they noted that Uber Freight, despite increasing its volume of users with this commercial movement , will continue to operate independently.

Uber Freight, for its part, already has an important group of registered carriers, which in number exceed 70 thousand. On the other hand, Transplace’s services focus on logistics, strategic management and cross-border services. For the same reason, ad Unveiled on Thursday, it was presented by the companies involved as a move celebrated by both parties.

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Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

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