Transporeon is extending its digital service offering, following its acquisition of ControlPay, European provider of freight audit and payment services.
The acquisition means that logistics network provider Transporeon will be able to capture the last steps in the value chain around invoice automation and analysis of payment-related data.
The ControlPay service is a “natural complement” to Transporeon’s existing portfolio of market intelligence services, freight procurement, execution and settlement offerings.
Founded in 2002 and serving customers globally across various industries, including automotive, industrial, consumer, pharma and healthcare, ControlPay streamlines the freight audit and finance process for both shippers and carriers.
ControlPay’s platform is able to capture critical data across all transport modes, enabling participants to gain a true view on their logistic operations fully based on a single source of audited and indisputable data.
The tie up between Transporeon and ControlPay generates significant additional synergies: as of today, over a third of all ControlPay customers are already part of Transporeon’s client base.
“We are delighted both to extend our service offering to customers and to welcome our ControlPay colleagues into the Transporeon family,” said Stephan Sieber, CEO of Transporeon.
He added: “ControlPay further extends our customer offering to mission-critical areas such as billing automation and payment analysis. It is an ideal complement to our service portfolio in tendering and sourcing, transport execution with real-time visibility, market intelligence and settlement.”
ControlPay CEO Bram Wegh remarked: “By joining the Transporeon Group, we see huge growth possibilities for our business as well as attractive opportunities for our growing work- force of over 275 people. We are looking forward to joining forces with Europe’s leading logistics network for transport logistics.”
ControlPay’s founder Karel Kinds noted: “The business rationale for the combination with Transporeon is extremely compelling. I’m convinced that by becoming an integral part of the Transporeon Group, ControlPay and its customers will have a strong basis for continued sustainable growth into the future.”
