Transporeon acquired ControlPay, a freight audit and payment services provider with offices in the Netherlands, the US, Asia, Brazil, Spain, Germany, and Ukraine. Transporeon is a cloud based logistics platform headquartered in Germany. Transporeon is backed by Hg, a leading European investor in software and services.
ControlPay is a natural complement to Transporeon’s existing portfolio of market intelligence services, freight procurement, execution and settlement offerings.
The legal advisors to Transporeon comprised HVG Law and EY Law Germany and Ukraine. The legal transaction team was co-led by Corporate M&A partners Jan Feigen (EY law Germany) and Matthijs Driedonks (HVG Law Netherlands). The core team comprised senior associate Francijn de Rotte and associate Jesse Trommel (Netherlands) and senior associate Sylvia Semkowicz (Germany). Antitrust advice was provided by associate partner Misha Lutje Beerenbroek (Netherlands) and Ukrainian law advice was given by Albert Sych of EY Law Ukraine.
EY Strategy & Transactions provided financial due diligence services to Transporeon headed by associate partner Hans Bogaardt. EY Tax, headed by partner Anne Mieke Holland, provided tax advice.