Kewill, a global leader in multimodal transportation software, has agreed to acquire LeanLogistics from Australia’s Brambles Ltd (ASX: BSB) for US$115 million. The transaction is subject to standard regulatory approvals and is expected to close within 45 days.
LeanLogistics is a global leader in transportation solutions for shippers, with hundreds of TMS customers across the US and Europe, and a supporting network of over 14,000 carriers. Their cloud-based platform reliably manages and optimizes over $10 billion of annualized freight spend for their customers. LeanLogistics, located in Holland, Michigan will become Kewill’s largest office.
Kewill is owned by Francisco Partners, a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, Francisco Partners has raised nearly $10 billion and invested in more than 75 technology companies and made over 100 follow-on acquisitions, making it one of the most active investors in the industry.
“LeanLogistics is a leading provider of software-as-a-service (SaaS)-based transportation management systems that has grown strongly since its acquisition by Brambles in 2008, entering new geographies and adding key blue-chip customers,” said Brambles CEO Tom Gorman.
Brambles bought LeanLogistics for $US45 million in 2008.
“We are absolutely thrilled to have LeanLogistics join the Kewill team. Their solutions are feature rich, highly scalable and managed by a skilled team and we are excited to support the ongoing growth and investment in LeanLogistic’s platform. We believe our global platform will help accelerate LeanLogistics already impressive growth through leveraging our extensive European and Asian networks,” said Doug Braun, CEO of Kewill.
“Our tenure with Brambles has provided us the opportunity to invest in our solution, expand into different countries, and has been a tremendous learning experience, but as we strive to deliver value for our customers every day, there is power in combining with a global supply chain execution company,” said Dan Dershem, President and CEO of LeanLogistics.
LeanLogistics is a global solutions provider of SaaS transportation management system (TMS) applications and supply chain services enabled by the industry’s largest transportation network. The company delivers complete transportation planning, execution, settlement, and procurement, as well as visibility and business intelligence, to improve transportation processes, increase efficiency, and reduce costs. LeanTMS enables shippers to scale infrastructure and business processes while gaining efficiencies to improve service offerings. LeanLogistics consistently ranks among top logistics solution providers and continues to win numerous awards for customer service. Its clients include many of the top consumer and wholesale brands, manufacturers, and service providers in the world.
Kewill, a worldwide leader in logistics software, empowers organizations to efficiently move goods and information across the global supply chain. Kewill supports supply chain execution activities for 7,500 companies in more than 100 countries.
Brambles Limited is an Australia-based supply-chain logistics company. The company operates through three segments: Pallets, primarily serving the fast-moving consumer goods, fresh produce and beverage industries; Reusable Plastic or Produce Crates (RPCs), serving the fresh produce and food industry, and comprising the IFCO RPC and CHEP RPC pooling business, and Containers. Brambles is headquartered in Sydney, Australia, but operates in more than 60 countries, with its largest operations in North America and Western Europe. Brambles employs more than 14,000 people and owns more than 500 million pallets, crates and containers through a network of more than 850 service centers.