Trimble, a SaaS technology company, completed the acquisition of Transporeon, a cloud-based transportation management software platform, from Hg, a private equity firm, for €1.88bn. "The past three years has significantly accelerated Transporeon forward in our mission to bring transportation in sync with the world. Innovation in our products and an expansion of the business has meant we have built a remarkable platform in a rapidly growing sector, with solutions that are in high demand globally. This would not have been possible without the software expertise delivered by Hg. The management team thank everyone at Hg and Transporeon who have worked hard together to put us in this very advantageous position," Stephan Sieber, Transporeon CEO.