Announced
Completed
Financials
Sources
Tags
Acquisition
Single Bidder
logistics software
Friendly
Private Equity
Software
Domestic
supply chain solutions
Private
United States
software development
Majority
Completed
Synopsis
Accel-KKR-backed Pinc, a software platform, completed the acquisition of Shipper TMS, a supply chain optimization software business, from Wabtec, a supplier of freight car and locomotive products. Financial terms were not disclosed. "The combined business will serve as a foundation for a Supply Chain Execution platform focused on comprehensive transportation management software solutions for shippers. The platform will prioritize offerings that serve the origin and termination points in the supply chain with a specific focus on rail, truck, and terminal yard management. Combined with real-time visibility, electronic documentation, analytics, billing, rating and carrier management functionalities, the platform is well positioned to solve multiple transportation challenges in the supply chain industry," Accel-KKR.
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