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Transporeon to offer freight audit and payment as part of its service, following acquisition of ControlPay

• Transporeon to offer billing automation and payment analysis service, following acquisition of Control Pay.
• Combination offers compelling customer and business synergies while extending Transporeon’s footprint in Eastern Europe.
• “We are extremely honored to welcome ControlPay, a world class company with incredible people, to the Transporeon family.  We also welcome their customers and are committed to continually delivering ControlPay’s world-class service,” said Transporeon CEO Stephan Sieber.
• Acquisition of ControlPay gives customers true end-to-end coverage from transportation sourcing, through transport execution, to settlement and freight invoice auditing.

Transporeon is today announcing a further extension of its digital service offering, following its acquisition of ControlPay, Europe’s leading provider of freight audit and payment services. The acquisition means that Transporeon, Europe’s leading logistics network provider for transport logistics services will be able to offer true “end-to-end” solutions, capturing 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. For ControlPay’s customers, as well as its highly qualified workforce, we are committed to continued delivery of ControlPays’s world-class service!”

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 workforce 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!”