TRATON-backed RIO to acquire Loom Technologies.

TRATON-backed RIO, a developer of custom-made services, agreed to acquire Loom Technologies, a logistics software provider. Financial terms were not disclosed. “We are delighted that we will be able to contribute our vision of making the global flow of goods more efficient to RIO in the future, along with our wide-ranging expertise in digital logistics products. We already have more than 150 satisfied freight forwarders using our Cartright TMS and the universal integration platform Backstrap," Viktor Müller, Loom CEO.