Atlanta-based UPS has reached an agreement to sell its UPS Logistics Technologies unit, based in Baltimore, to Thoma Bravo LLC, a private equity investment firm. Financial details of the transaction were not disclosed.
Thoma Bravo’s major focus areas are the software and services sectors. In the software industry, Thoma Bravo says it has completed more than 50 acquisitions across 16 platform companies with total annual earnings of more than $1 billion.
UPS Logistics Technologies employs about 145 people to create transportation routing and fleet management systems. More than 200,000 vehicles are managed through 3,300 installations worldwide representing a variety of industries, according to UPS. Specific transportation management applications provide street-level route plans, real-time wireless dispatch and GPS and strategic territory planning designed for fuel management and driver productivity.
Len Kennedy, vice president and COO of the unit, becomes CEO of UPS Logistics Technologies, which will change its name to Roadnet Technologies Inc.
UPS Logistics Technologies, founded in 1983 as Roadnet Systems Corp., was acquired by UPS in May 1986. The sale to Thoma Bravo will not affect the full suite of transportation and logistics solutions offered by UPS, the companies say.
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