TIM Consult GmbH, an international business logistics consulting firm headquartered in Mannheim, Germany, is merging with transportation management systems provider Transporeon Group, according to a joint statement from the companies.
Financial terms of the deal were not disclosed, but the companies said the combined entity would “offer customers a worldwide cloud platform for intelligent transport logistics and best-in-class multimodal freight procurement solutions.”
Transporeon will acquire 100 percent of TIM Consult, but both will continue to operate independently, with the latter retaining its two offices in Mannheim and New York City.
Under the deal, Björn Klippel, CEO and founder of TIM Consult, will become a shareholder in the Transporeon Group and remain managing director of TIM Consult, while Oliver Kahrs, who currently serves as director of strategic initiatives a Transporeon, will be appointed as an additional managing director of TIM Consult.
“Tens of thousands of transport orders are assigned via our cloud-based platforms every day and around 10 billion euros worth of freight tenders are carried out every year,” Martin Mack, chief technology officer and managing partner of the Transporeon Group, said of the merger. “In these customer relationships, there is an enormous untapped potential. Together with TIM Consult, we can provide our customers with an even more comprehensive and wider portfolio of consulting services and products, whilst further optimizing our solutions.”
Added Klippel, “As a part of Transporeon, we are significantly expanding our reach and gain access to the company’s first-class IT expertise. Through the pooling of our efforts and know-how, we can offer our customers a variety of innovative services and tools worldwide.”