Marseille, France – Feb. 2, 2022 – TRAXENS, the leading smart-container service provider for the global supply chain industry, announced today a new financing round of €23 million ($25+ million) from the company’s existing shareholders. The funds will be used to fuel Traxens’ international expansion starting with the acquisition of NEXT4, a fast-growing French supplier of removable and reusable shipping container trackers.
Traxens’ Internet-of-Things (IoT) solution is based on a breakthrough technology that enables access to the most comprehensive, precise and timely data for managing assets in transit anywhere in the world. In addition to tracking container geolocation, it detects shocks and monitors temperature and humidity, as well as the open-or-closed status of container doors.
The acquisition, confirmed today, will allow Traxens to streamline and merge NEXT4’s offering into its suite of solutions, providing customers with the best of both solutions — including shipments scheduling, collaborative risk management, and analysis reports. The newly consolidated company is now the market frontrunner in providing overseas cargo visibility and offers Traxens’ customers a technological edge in container tracking solutions.
“Integrating NEXT4 into our company dramatically increases our ability to serve the growing needs of our customers as they digitalize their business processes while adding freight visibility, cargo security and goods integrity,” said Traxens CEO David Marchand.
Founded in Toulouse in 2018, NEXT4 provides trackers that can be attached to containers from point of origin to the final destination. This provides freight forwarders with a premium tracking solution and gives customers 24/7, real-time data on the status and location of their goods via sensors inside the containers.
Tens of thousands of NEXT4 trackers have been adopted by leading freight forwarders such as Bolloré Logistics and DB Schenker. Airlines have also approved the latest version of its trackers, a smaller and more versatile device, that allows them to be adapted to the needs of the air freight industry.
The €23 million round of financing follows a Series C funding round of approximately €20M ($22.7M) raised in 2019. This new acquisition will enable the consolidated French company to continue deploying its smart containers worldwide, while building new relationships with major players in the supply chain, including companies focused on container leasing, insurance and transport management systems.
As it moves into new markets in the U.S., South America and Asia, Traxens will also use the funding to further expand its portfolio of solutions to address the increasing needs of freight forwarders and beneficial cargo owners (BCO) for supply chain transparency.
“Joining the Traxens group enables us to market our innovative solution on an international scale and to jointly develop new products and solutions with their team,” said NEXT4 CEO and founder Cédric Rosemont. “Our highly complementary solutions will meet the current and future challenges of shippers and their logistics providers. This means NEXT4’s customers also can benefit from Traxens’ solutions, which are now being widely deployed by container owners.”
NEXT4 will operate as a wholly-owned subsidiary of Traxens with offices in Toulouse. In addition to remaining as CEO of NEXT4, Rosemont will serve as Traxens’ Chief Marketing Officer.
Both CEOs will be available for interviews about this strategic merger at the TPMTECH (Feb.24-25) and TPM22 (Feb. 27-March 2) trade shows in Long Beach, California.
NEXT4 (left) and Traxens (right) devices in use on containers.
Both solutions are placed differently on the container, which ensures their total complementarity. Traxens’ box is fixed permanently on the outside of the container, while NEXT4’s reusable device is placed, in a few seconds, astride the door, for the duration of a shipment.
Traxens’ solution enables permanent tracking of containers for international transport. Today, the several thousands of smart-containers equipped by Traxens are available in 450 locations across 55 countries. Traxens’ shareholder shipping companies own and use near to 50 percent of the world’s containers fleet. Traxens already supports more than 300 customers in various applications, such as supply-chain monitoring and planning, cargo integrity guarantee, and identification of risks associated with illegal actions on containers. https://www.traxens.com/
NEXT4’s solution has proven its reliability and innovation by adapting to the highly constrained context of containers. The company has been chosen by some of the world’s leading freight forwarders as their unique solution for maritime container tracking. Its SaaS platform and reliable devices enable transparency and control of supply chain processes, of cargo integrity and the identification of issues occurring during the cargo trip. Not constrained by geographical limits, it is operational on 90 percent of the world’s land surface, in 98 percent of freight ports and has been deployed on five continents. https://next4.io/
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