In a striking move, digital freight forwarder Flexport has sold the core Convoy technology platform it acquired in late 2023 to DAT Freight & Analytics for approximately $250 million, less than two years after buying it for roughly $16 million .
Flexport sold digital freight network Convoy's assets to DAT Freight & Analytics for $250 million, according to a source familiar with the deal.
DAT Freight & Analytics announced plans to acquire Flexport’s Convoy Platform, adding best-in-class automation and digital freight-matching technology to its product portfolio.
DAT Freight & Analytics has agreed to acquire the Convoy Platform from Flexport, adding automation and digital freight-matching technology to its product portfolio.
DAT Freight & Analytics is acquiring Convoy Platform from technology provider Flexport for an undisclosed sum, a little under 18 months after the seller launched the freight-matching platform.
DAT Freight & Analytics has announced the acquisition of the Convoy platform from Flexport. Sources suggest the price was around $250m in cash.
DAT Freight & Analytics on Monday said it has agreed to acquire the Convoy Platform from Flexport. Terms of the deal were not disclosed.
DAT Freight & Analytics said Monday it has acquired Flexport’s Convoy Platform product for an undisclosed amount as the spot market load board operator aims to give its broker customers more direct and automated transactional access to truckload carriers.
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