Thu, 23 Nov 2023 | BUSINESS SALE
3T Logistics & Technology Group, a Leicester-headquartered provider of cloud-based transportation management systems for logistics businesses in the UK and Europe, has been acquired by Aptean, a global software firm based in Georgia.
3T, which was founded in 2000, provides solutions that help shippers and carriers across the UK and in Europe drive cost reductions and improve services by enabling them to automate processes, optimise logistics scenarios and gain real-time visibility of every area of their shipping operations.
The company operates via its modular, app-based platform EVENT, which can be customised to meet the specific needs of the firm’s customers. Aptean says that the acquisition will add new capabilities to its transportation management systems (TMS) offerings for customers serving manufacturers and distributors in the automotive, industrial machinery, food and beverage, fast-moving consumer goods and building products markets.
Duane George, GM of EMEA and APAC at Aptean, commented: "Aptean is pleased to expand its TMS offerings in Europe with the addition of 3T's cloud-based EVENT platform. In today's challenging business environment, 3T helps organisations deliver their products with greater speed and efficiency, enabling them to compete at a global level."
3T founder and CEO Steve Twydell added: “Aptean shares our commitment to innovation and our solutions are highly complementary to Aptean’s existing ERP and SCM offerings for manufacturers and distributors. As part of Aptean we will be able to provide our customers with more solutions to enhance efficiencies and improve outcomes across their operations.”
The deal comes during a period of continuing M&A activity in the global logistics sector. Despite businesses in the industry having been heavily impacted by supply chain issues, geopolitical tension and rising inflation, many businesses have identified acquisitions as the ideal way to add technologies that improve their operations, build scale and expand geographically.
Read about the trends driving M&A in the logistics sector
Established in the 2000s, the company specialises in an array of medical monitoring solutions within sterile services and endoscopy departments within the healthcare sector, using cutting edge cloud-based systems and cloud data storage.
Fantastic opportunity to acquire a majority or part-shareholding in a managed service provider/IT support solutions business, servicing a broad range of B2B clients with exponential growth opportunities.
Established UK based software product company, that is focused on producing innovative and transformational large-scale software solutions to manage complex Networks, IT infrastructure and Services for Telecoms Operators & CSP’s, Smart Energy, Large...
12
|
Feb
|
TBG Furniture secures new PE backing from Blandford Capital | BUSINESS SALE
TBG Furniture has secured new private equity backing from Bl...
11
|
Feb
|
Kara Healthcare expands with landmark acquisition | BUSINESS SALE
Kara Healthcare has bought seven care homes as it continues ...
11
|
Feb
|
PE group Endless sells Karnova Food Group to US outfit OSI | BUSINESS SALE
Private equity group Endless has sold Karnova Food Group to ...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.