Logistics unicorn, Freight.com proclaims R$300 million acquisition in pool and targets tolls
Company announced the acquisition of Rotas Brasil, a platform that calculates road tolls; acquisition is the second since the creation of the M&As area
Two months after announcing the creation of a vertical of M&As that was born with the trifle of R$ 300 million reserved for purchases of small technology companies, the group freight.com, logistics and road freight transport, announced its second acquisition. This time, the purchase is from the company Rotas Brasil, a system of routes and pricing of national tolls.
In an interview with EXAME during the launch of the mergers and acquisitions vertical, Freico.com CEO Federico Veiga anticipated the unicorn’s intentions to allocate all the capital until 2024, although without a defined number of acquisitions on the radar. “We have two years and R$ 300 million for acquisitions. We can buy several smaller companies with this feature or just one or two more “expensive” and also more mature. It will depend on the synergy and quality they bring,” he says.
Rotas Brasil consolidates Freight.com’s interest in companies that can complement the range of solutions capable of automating and facilitating the routine of carriers and autonomous truck drivers in Brazil — without even a truck in its arrangement, Freight.com currently has in its platform about 712,000 trucks in circulation, something like 47% of the entire road fleet in the country.
On another front, the integration of the Rotas Brasil solution to the unicorn’s road freight arm, Destinobras, will allow the incursion of 720,000 truck drivers who currently use the acquired company’s application to search for toll prices.
Who is Rotas Brasil?
Founded in 2016, Rotas Brasil acts as a platform for calculating road tolls. In practice, the company allows the routing and pricing of all tolls on determined paths from an intelligent platform that considers criteria such as the number of truck axles, route traveled and distance. That way, a driver knows exactly how much he will spend even before he hits the road.
Currently, the analysis already considers the 73 road concession companies in the country. In the last 12 months, the platform totaled 17.3 million queries, and should reach the end of the year with 21 million routes queried.
At the end, knowing the costs of the trip allows the truck driver to negotiate more assertively how much he can charge for the transport service, for example. “There is a financial side, but also a social side to this mission that we are going to fulfill, since truck drivers can understand the real value and cost of their work”, says the CEO of Freight.com.
“When we started in this sector, we did not have the expectation that the platform would take this proportion. Now, with the union with Destino.com, we will be able to help more than 18 thousand carriers that use the Destinobras platform to be more profitable through a more efficient management of the routes”, said, in a note, Cristian Abreu, co-founder of Brazil Routes.