U.S. private equity firm Thoma Bravo is in advanced talks to buy third-party logistics provider WWEX Group to create a shipping technology business worth as much as $12 billion, Bloomberg News reported on Monday, citing people familiar with the matter.
The buyout would value WWEX roughly at $5 billion, and could be announced as soon as Tuesday, the report added.
Software-focused Thoma Bravo plans to combine WWEX with Auctane, an e-commerce shipping software provider in its portfolio, according to Bloomberg.
Thoma Bravo did not immediately respond to a Reuters request for comment. WWEX, which includes the Worldwide Express brand, declined to comment.
Source: Reuters.com