Metropolis Technologies Acquires SP Plus Corporation for $1.5 Billion

SP Plus Corporation Acquires K M P Associates Limited (AeroParker)

October 11, 2022

Cloud & SaaS

SP Plus Corporation (SP+) acquired K M P Associates Limited (KMP), a UK-based provider of the AeroParker and MetroParker SaaS e-commerce platforms and KMP Digitata digital marketing services. The acquisition adds airport and commercial-parking e-commerce, dynamic pricing and digital marketing capabilities to SP+'s technology suite to support growth and digital transformation in parking and mobility.

SP Plus Corporation Acquires Assets and IP of DIVRT, Inc.

November 10, 2022

Software

SP Plus Corporation (SP+) acquired certain assets, all intellectual property, and a team of more than 20 engineers from DIVRT, Inc., a provider of cloud- and IoT-based frictionless parking technology. The acquisition brings DIVRT’s IP and a Bengaluru-based technology team into SP+ to strengthen its frictionless SaaS offerings and establish a technology innovation lab in India.

Banyan Software Acquires Trans Plus Software

September 18, 2020

Software

Banyan Software has acquired Trans Plus Software, a Guelph, Ontario–based provider of Transportation Management Systems (TMS) and fleet/logistics management software. Banyan said it will invest in Trans Plus’s technology and team to grow the business as part of its strategy to acquire and scale enterprise software companies.

SPS Commerce Acquires InterTrade Systems Inc.

October 5, 2022

Cloud & SaaS

SPS Commerce, a Minneapolis-based provider of retail cloud services, acquired InterTrade Systems Inc., a supply-chain and product/transaction data exchange solutions provider, from mdf commerce inc. The deal was for approximately $49 million in cash and is intended to expand SPS Commerce's retail trading network and capabilities across apparel and general merchandise markets in North America.

TDR Capital V and I Squared Capital Acquire Majority Stake in Applus Services

June 14, 2024

Industrial Services

Amber EquityCo S.L.U., a vehicle formed and jointly controlled by TDR Capital and funds advised by I Squared Capital, has completed the acquisition of a majority stake in Applus Services, S.A. Applus is a global leader in testing, inspection, and certification (TIC), operating in 70+ countries with more than 26,000 employees and serving energy, automotive, aerospace and industrial markets.

SPS Commerce Acquires Traverse Systems

May 9, 2024

Cloud & SaaS

SPS Commerce, a publicly traded retail supply chain cloud services company, has acquired Traverse Systems, a SaaS provider of vendor performance management and scorecarding solutions, for approximately $29.3 million ($25.0M cash and $4.3M stock). The acquisition expands SPS Commerce’s capabilities in supply chain performance and optimization and is expected to add incremental revenue in 2024 and 2025 while modestly impacting near-term Adjusted EBITDA.