Flexport Acquires Convoy's Technology Stack
November 1, 2023
Flexport has acquired the technology stack of Convoy for an undisclosed sum and will onboard a small group of Convoy product and engineering employees. Flexport is not acquiring Convoy as a company or its liabilities; the deal is intended to restore access to Convoy's trucking network for Flexport customers and to expand Flexport's trucking capabilities.
- Buyers
- Flexport
- Targets
- Convoy (technology stack)
- Sellers
- Convoy
- Industry
- Logistics & Distribution
- Location
- Washington, United States
- Transaction Type
- Buyout
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