TNT Express has raised $32 million in cash to boost this year’s profits by selling its minoritystake in a US-based software company.
The Dutch company today announced the sale of its 14.3% equity interests in Apriso, a leadingprovider of manufacturing software solutions based in the United States, for $32 million.
The stake was sold by TNT’s investment fund Logispring in a cash transaction to DassaultSystèmes, a French provider of 3D design software, 3D Digital mock-up and Product LifecycleManagement (PLM) solutions. Apriso was valued at approximately $205 million on a cash and debt freebasis.
Apriso was part of a portfolio of start-up companies allocated to TNT Express as part of thedemerger from TNT N.V. The software manufacturer serves nearly 200 customers in over 40 countriesacross the Americas, Europe, Africa and Asia.
Calling itself “The 3DEXPERIENCE Company”, Dassault Systèmes provides business and people withvirtual universes to imagine sustainable innovations bringing value to over 150,000 customers ofall sizes, in all industries around the globe.
