TNT Express sells equity interests in Apriso

Sale of Apriso to Dassaultin transaction valuing the company at approximately $205 million.

Apriso Dassault Logispring TNT Express

TNT Express has announced the sale by its investment fund Logispring of its 14.3 percent equity interests in Apriso to Dassault Systèmes in a cash transaction valuing the company at approximately $205 million on a cash and debt free basis. Apriso was part of a portfolio of start-up companies allocated to TNT Express as part of the demerger from TNT N.V. Cash proceeds to TNT Express are $32 million.