Uber Technologies, an American technology company, completed the acquisition of Transplace, a logistics and supply chain company, from TPG Capital, a private equity firm, for $2.25bn. "The acquisition will combine the world’s premier shipper network platform with one of the industry’s most innovative supply platforms, to the benefit of all stakeholders. Our expectation is that shippers will see greater efficiency and transparency and carriers will benefit from the scale to drive improved operating ratios. All in all, we expect to significantly reduce shipper and carrier empty miles to the benefit of highway and road infrastructures and the environment. Finally, we want to thank TPG for their partnership as we have worked together to position Transplace as a leader in supply chain innovation," Frank McGuigan, Transplace CEO.