TPG Capital set to acquire logistics and transportation specialist Transplace
Global private equity investment firm TPG Capital has announced plans to acquire transportation and logistics management company Transplace, with the deal expected to close in September.
With a customer base of 1,000 merchants, Transplace is a leading provider of supply chain consultancy and transportation management solutions in North America.
President of the firm Frank McGuigan expressed his enthusiasm in the partnership, confident that it will provide a strong platform to further the growth of Transplace.
“We are excited to partner with TPG Capital, which has a long history of creating value across sectors, including software, technology, and industrials,” he said.
“As our new equity partner, TPG will support the continued growth of our business, while building value for our customers and creating attractive opportunities for employees.”
TPG will be acquiring Transplace from Greenbriar Equity Group in a move that will see the firm partner with company management to ensure the success of the deal.
Global Head of Industrials and Business Services for TPG Jack Daly revealed his own understanding of the growing complexity in supply chains, and remains confident in Transplace as a market leader to excel in industry innovation.
“Transplace is providing an expansive, high-quality, customisable solution for managing today’s supply chain.
“The company’s leadership, ongoing focus on innovation, and customer service is unmatched, and we believe Transplace is well-positioned to thrive from the immense technological change happening within logistics today.
“We are excited to partner with Tom, Frank, and the Transplace team to accelerate growth, both organically and through acquisition.”
This is TPG’s third investment into the supply chain sphere within the last year, in line with the company’s growing focus on improving general business efficiency.
Kuehne+Nagel cuts carbon footprint by 70% for Honda China
Around 16,000 tonnes of CO2 has been cut from the supply chain of Honda's China-based manufacturing division through a road-to-rail transformation in partnership with logistics leader Kuehne+Nagel.
The programme was developed through KN Sincero, the joint venture between Swiss headquartered Kuehne+Nagel and Chinese automotive logistics firm Sincero, established in 2018.
KN Sincero worked with Honda China to develop an integrated solution to convert much of its domestic long-haul trucking to train lines, using regional hubs to improve supply chain performance and further reduce carbon emissions. The programme delivered consolidations as well as value-added services, including sorting, scanning, repackaging, GPS track and trace, and recyclable container management.
"Kuehne+Nagel has always been a supply chain partner that we can rely on, to help us improve our supply chain performance whilst also achieving our environmental goals,” said Mr. Jiang Hui and Mr. Takuji Kitamura, Joint General Manager of Wuhan Dong Hon, the logistics affiliate of Dongfong Honda Automotive.
After six months of shifting to the road-to-rail model, new supply chain reliability and efficiencies are expected to eradicate 16,000 tonnes of carbon emissions annually. The carbon savings represent an enormous 70% reduction in total.
"Automotive is one of the most important sectors in contract logistics, particularly in China, the world’s largest automotive market,” added Gianfranco Sgro, member of the Management Board of Kuehne + Nagel International AG, responsible for Contract Logistics. “I am glad that Kuehne+Nagel and Honda share a common vision of service, innovation and sustainability.”
Kuehne+Nagel’s Net Zero Carbon programme
Kuehne+Nagel announced its Net Zero Carbon programme in 2019 with a dual purpose to reduce CO2 output in its own logistics operations, as well as partnering with organisations to minimise their own impact on the planet. Kuehne+Nagel reached carbon neutrality globally in 2020 throughout its own, direct emissions, and is now focused on developing its capabilities to serve partners.
Dr. Detlef Trefzger, Chief Executive Officer of Kuehne+Nagel International AG, said the programme is “a package of measures to fight CO2 emissions and provide sustainable and innovative supply chain solutions – hand in hand with our suppliers and customers”.
As part of the initiative, Kuehne+Nagel established its own nature projects in Myanmar and New Zealand, and invested in ‘nature-based’ carbon dioxide compensation projects to strip harmful emissions from the environment. It is committed to being CO2 neutral for shipments in its network of transport suppliers by 2030.