22 November 2023: 3T Logistics & Technology Group, the Magic Quadrant TMS SaaS Software & Services Company was sold to Aptean, Inc a global provider of mission-critical enterprise software solutions for an undisclosed value.
About 3T Logistics & Technology Group
3T is an award-winning UK head-quartered SaaS transport management technology business. Founded in 2000, 3T has evolved to become a globally recognised transportation management (TMS) technology provider. The company’s vision and mission remain the same since its inception, to improve service, reduce cost to shippers and carriers and remove empty running through collaboration and the smart use of technology.
About Aptean
Aptean is one of the world’s leading providers of purpose-built, industry-specific software that helps manufacturers and distributors effectively run and grow their businesses. Aptean is headquartered in Alpharetta, Georgia and has offices in North America, Europe and Asia-Pacific.
Steve Twydell, Founder, commented: “We hired Kinetix having been recommended to meet them by our Chairman and on the back of their track record in similar cross-border transactions. We particularly valued the huge amount of experience their partners brought to the table which paid dividends in the heat of negotiations. Their international reach was also outstanding. We would have no hesitation in recommending Kinetix to others”.
KCCF Partner David Armfield commented: “We are delighted to have advised 3T and founder Steve Twydell on the most important transaction in the life of the business. 3T is an outstanding business and with a huge amount of interest particularly in North America, we feel sure we found the best home for the business.”
The companies' announcement can be found here.
About us: Kinetix Corporate Finance is an independent corporate advisory boutique, with sector specialisms in Sustainability & Cleantech, Hard & Soft tech, Financial Services including Fintech, and Healthcare. We provide strategic and M&A advice, business planning, valuations, and fund-raising services.