The Riverside Company has acquired Mercareon, which provides a software-as-service product that allows carriers to book time slots at the retailers’ warehouses to deliver goods. The firm will add Mercareon to its Transporeon platform. Both companies are based in Ulm, Germany and specialize in web-based centralized transport-management software.
The Riverside Company has added Mercareon to its Transporeon platform. Both companies are based in Ulm, Germany and specialize in web-based centralized transport-management software.
Mercareon’s software-as-a-service (SaaS) product allows carriers to book time slots at the retailers’ warehouses to deliver their goods. This increases efficiency, reduces waiting times, is easy to use, and hence forms a compelling value proposition for all stakeholders.
Mercareon enjoys a strong competitive position and exceptional customer loyalty. The two companies share a similar corporate culture and understanding of one another, which will further facilitate a smooth partnership.
“Mercareon becomes part of Transporeon Group, which is an exciting opportunity for both companies,” said Riverside Principal Dr. Michael Weber. “Mercareon is a strong complement to the offering of Transporeon and integrating it is a logical step to further strengthen the Transporeon platform as the European market leader for SaaS solutions for the FTL logistics industry.”
Riverside will help Mercareon increase its penetration of existing markets, expand into new geographies and industries, and continue to develop new products.
“Becoming part of Transporeon Group provides us with further resources to accelerate growth, especially in new international markets, and to serve our existing and future customers even better,” said Leander Kling, Managing Director of Mercareon.
Working with Weber on the transaction for Riverside were Vice President Sven-Hendrik Schulze and Senior Associate Matthias Fink.
Berenberg Bank and Bayern LB provided financing on the transaction. Roland Berger, Deloitte, KPMG and Watson Farley & Williams advised Riverside. Lampe Corporate Finance and McDermott Will & Emery advised Mercareon.
The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 320 transactions. The firm’s international portfolio includes more than 70 companies.