7 January 2021 Unifaun, a leading Stockholm-based cloud Transport Administration Systems (“TAS”) platform, and Consignor, an Oslo-based cloud TAS platform, announced that they have entered into a definitive merger agreement.
Unifaun and Consignor, two leading providers of TAS software will combine to offer shippers, carriers, and parcel recipients globally best-in-class solutions for shipping and handling of goods. Marlin Equity Partners (“Marlin”), Unifaun’s current majority owner, has partnered with Francisco Partners, Consignor’s current majority shareholder, in the transaction to become equal shareholders in and together own a majority of the combined business.
The merger creates a prominent global provider of cloud TAS solutions, bringing together two highly complementary and scalable SaaS-based products that will benefit from the collective best-of-breed feature/functionality and greater geographic coverage. Additionally, the merger expands the combined company’s ability to address a range of TAS and other supply chain execution (“SCE”) capabilities. Building on Unifaun and Consignor’s Nordic-heritage, the combined company is poised to continue to accelerate growth globally.
Peter Chung, Managing Director at Marlin, added, “The TAS market has an incredible amount of potential and we believe the combined company will be better positioned to capitalize on the secular tailwinds underpinning e-commerce growth. Further, the combination of Unifaun and Consignor’s technology, talent and operational resources will substantially elevate the offering for customers who will benefit greatly from a broader range of functional capabilities, wider geographic coverage, and deeper domain knowledge and technical expertise.”
Petri Oksanen, Partner at Francisco Partners, commented, “We are thrilled to be partnering with Marlin and the Unifaun team, and look forward to bringing together two highly complementary industry leaders to help them reach their full potential and further accelerate the combined company’s growth.”
Aabø-Evensen has together with Paul Hastings LLP acted as legal counsels to Consignor and Francisco Partners.
To view Consignor's full press release, please click here.
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