In a statement, Transporeon said the acquisition of SupplyStack would add multimodal and part load capabilities to its global Transport Management Platform, counting 1,300+ shippers, 100+ retailers and 130,000+ LSPs and Carriers. In addition, the purchase of Nexogen will bring AI based fleet optimization, as well as dispatching and itinerary planning to Transporeon’s platform services.
The company also believes that customers will profit from the acquisitions as it means the services of the Transport Management Platform “can be consumed in a modular way”.
After an integration period, Transporeon says that SupplyStack customers will also obtain access to its carrier network, platform services, freight procurement and rate management as well as spot assignment, freight settlement and audit offerings.
Commenting on the acquisitions, Stephan Sieber, CEO of Transporeon, said:
“There is an increasing demand in the supply chain to improve transparency and reduce costs, while at the same time making freight transport more sustainable. Adding multimodal and part load transport planning and execution capabilities to our platform through the acquisition of SupplyStack will provide our customers with the degree of flexibility necessary to achieve this goal. „
Regarding Nexogen, Sieber added:
“The integration of Nexogen into our Transport Management Platform will help carriers improve their asset utilization and manage complexity. This is important with regard to the upcoming EU mobility package. While the new framework guarantees fair competition across the market and protects drivers through clear rules, it adds further regulation to logistics operations. Intelligent solutions are needed to successfully operate under this framework. Nexogen’s AI powered services will assist fleet operators to consider all necessary information and rules when planning a transport”.
Nick Poels, Founder and CEO of SupplyStack, also issued a statement:
“Although powerful alone, we believe we are stronger together. This acquisition marks an important milestone in our mission to change the way freight is moved. Combining SupplyStack’s Transport Management solutions with Transporeon’s network will enable our customers to profit from our services – on global supply chains with a mix of modes as well as on domestic operations. We therefore are happy to become part of the Transporeon family, where our customers from different industries can manage their logistics operations following a true network approach”.
Meanwhile, Nexogen CEO András Kovács had the following to say:
“The integration of Nexogen into our Transport Management Platform will help carriers improve their asset utilization and manage complexity. This is important with regard to the upcoming EU mobility package. While the new framework guarantees fair competition across the market and protects drivers through clear rules, it adds further regulation to logistics operations. Intelligent solutions are needed to successfully operate under this framework. Nexogen’s AI powered services will assist fleet operators to consider all necessary information and rules when planning a transport”.
News of the two acquisitions comes just days after Transporeon revealed it was partnering with Freightos. The company believes that by integrating up-to-date spot data from Freightos into its own extensive air cargo and ocean freight logistics data, it would be able to offer “the most powerful suite of market intelligence for shippers”.
Transporeon added that the partnership extends market intelligence analytics across spot freight pricing, enabling short and long-term trend monitoring. As a result, the multinational logistics software business believes companies will be able to design “highly successful procurement strategies and to evolve them rapidly in response to changing market conditions”.
Commenting on the deal, Nikolay Pargov, Executive Director Freight Procurement & Audit at Transporeon, said:
“By incorporating ocean and air freight spot data into the Transporeon Platform, we enable even better-informed decision making for our customers. Providing such extensive real-time information on all freight markets enables quicker responses to global trends and safeguards the satisfaction of stakeholders. It further strengthens the leading value proposition of Transporeon.”
Anton Bar, VP Market Data at Freightos added:
“It is becoming increasingly difficult for market players to ultimately match their demand with the available capacities of logistics service providers, especially in highly volatile market situations like we’re experiencing now. The only way to resolve this is with real-time, accurate and comprehensive data. Creating exceptional benefits by combining our companies’ efforts will make a real difference for our customers. And we are proud to be a part of it.”