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New Deal


Announced

project44 to acquire ClearMetal.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Freight Forwarding

Pending

Majority

Friendly

Single Bidder

Domestic

United States

predictive analytics

ocean freight

Private

Synopsis

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project44, a provider of an advanced supply chain visibility platform for shippers and third-party logistics firms, agreed to acquire ClearMetal, a provider of international ocean freight visibility, dynamic planning and customer experience solutions. Financial terms were not disclosed. “With the addition of ClearMetal’s advanced AI technology and data science team, we’re building on a strong foundation and extending capabilities to deliver more accurate, predictable ETAs and visibility into customer orders and inventory in transit,” Jett McCandless, project44 Founder & CEO.

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