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TRANSPOREON partners with Riverside

The TRANSPOREON Group has been recording double-digit growth for eleven years. This rapid pace is expected to continue in the future. To achieve its goals, the company’s management has decided to partner with the investor Riverside, which is now a shareholder in the company. The agreement was signed on July 8, 2011. It will come into effect immediately after approval by the Federal Cartel Office (Bundeskartellamt).

– We have many plans for the coming years. They concern the company’s development in Europe, North America, and Asia. We will also be developing new products and expanding our range of services – explains Peter Foerster, CEO and co-founder of TRANSPOREON. – That is why we have established a partnership with a strong financial partner who will strengthen us with their knowledge and experience.

Riverside specializes in investments in small and medium-sized enterprises that are leaders in their market niche. Now, the company will support the further growth and development of the TRANSPOREON Group.

– We are enthusiastic about working with TRANSPOREON – says Volker Schmidt, partner at Riverside Munich. – TRANSPOREON is an example of a company with impressive achievements. Even during the crisis, the company’s turnover increased. In the face of rising fuel prices and road tolls, the TRANSPOREON platform is a promising solution for increasing the efficiency of logistics processes.