Advising Tag Sensors AS on the sale to Tive Inc.
Representation by Zumera
Tag Sensors AS offers a central solution for monitoring goods in transit. Cost-effective sensors provide critical data, alerts and analysis that ensure the integrity of goods and supply chains. The ease of reading and analysing the data via mobile phone, own platform or API technology directly in the clients’ system, delivers tremendous added value for all parties involved.
Tive is a leading provider of real-time supply chain visibility insights that helps logistics professionals actively manage their in-transit shipments' location and condition. With Tive, shippers, carriers and logistics service providers (LSPs) eliminate delays, damage and shipment failures. Tive's solution provides data generated by its industry-leading trackers allowing clients to actively optimize their shipments, improve their customers' experience, and unlock supply chain insights in an actionable real-time manner.
Following transaction team facilitated the transaction.
About the sector
The German technology sector plays a significant role in the digital era. The industry is not only an important economic sector with an annual turnover of over EUR 280 bn, over one million jobs and a share of almost 7% of total economic output, but also a key driver of innovation that influences and promotes other sectors.
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