Thoma Bravo is close to acquiring WWEX Group in a deal valuing the company at nearly $5bn, as the software-focused buyout firm moves to create a shipping technology group worth up to $12bn, Bloomberg reported.

The proposed transaction would see WWEX combined with Thoma Bravo’s portfolio company Auctane. Thoma acquired Auctane, formerly Stamps.com, for $6.6bn in 2021.

WWEX is currently backed by CVC Capital Partners, Providence Equity Partners, Ridgemont Equity Partners, and PSG.

The combination would unite two Texas-based logistics platforms at a time when artificial intelligence is reshaping the sector. AI-driven automation is increasingly deployed to optimise warehouse operations, back-office processes, and demand forecasting.

For Thoma Bravo, the deal signals continued conviction in software-enabled infrastructure assets despite broader investor concerns that generative AI could disrupt traditional enterprise software models.

If completed, the transaction would represent one of the largest recent moves in shipping technology, positioning Thoma Bravo to capitalise on digital transformation across global logistics.

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