A major private equity company is reportedly on the verge of finalizing a massive acquisition that could reshape the shipping technology industry, according to Bloomberg News sources with knowledge of the negotiations.
Thoma Bravo, a Chicago-based investment firm specializing in software companies, is in final discussions to acquire WWEX Group, a logistics services provider, in a transaction that would establish a shipping technology giant valued at up to $12 billion.
The acquisition deal places WWEX’s worth at approximately $5 billion, with sources indicating an announcement could come as early as Tuesday, Bloomberg reported on Monday.
According to the report, Thoma Bravo intends to merge WWEX with Auctane, an existing company in their investment portfolio that provides shipping software solutions for online retailers.
When contacted for verification, representatives from Thoma Bravo did not provide an immediate response to requests for comment. WWEX Group, which operates under the Worldwide Express brand among others, also declined to offer any statement regarding the potential deal.
