Add-on Acquisition • Internet Software and Services

C.H. Robinson Worldwide Acquires T-Chek Systems

On January 1, 1983, C.H. Robinson Worldwide acquired internet software and services company T-Chek Systems

Acquisition Context
  • This is C.H. Robinson Worldwide’s 1st transaction in the Internet Software and Services sector.
  • This is C.H. Robinson Worldwide’s 1st transaction in the United States.
  • This is C.H. Robinson Worldwide’s 1st transaction in Minnesota.
Investment Fate
  • T-Chek Systems was divested to a consortium of strategic buyers in 2012 for 303M USD.

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M&A Deal Summary

Date January 1, 1983
Target T-Chek Systems
Sector Internet Software and Services
Buyer(s) C.H. Robinson Worldwide
Deal Type Add-on Acquisition

Target Company

T-Chek Systems

Eden Prairie, Minnesota, United States
T-Chek Systems, Inc. is a business-to-business provider of spend management and payment processing services. T-Chek’s technology supports a variety of funds transfer, vendor payment, fuel purchasing, and online expense management tools. Historically, T-Chek has focused on the transportation industry with its major customer segments including the truckload, less-than-truckload, and private fleet industries, and truck stop chains. Due to changes in the industry, T-Chek has expanded its business further into the financial services sector, to include funds transfer and expense management for other industries through its MasterCard® product.
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Buyer Overview 1

Buyer

C.H. Robinson Worldwide

Eden Prairie, Minnesota, United States

Category Company
Founded 1905
Sector Transportation
Employees13,781
Revenue 17.7B USD (2024)
DESCRIPTION
Entrance to C.H. Robinson's corporate headquarters in Eden Prairie, Minnesota.
Entrance to C.H. Robinson's corporate headquarters in Eden Prairie, Minnesota.

C.H. Robinson Worldwide is a third-party logistics (3PL) provider. C.H. Robinson provides freight transportation and logistics, outsourcing solutions, produce sourcing, and information services to over 45,000 customers through a network of offices in North America, South America, Europe, Asia, and Australia. C.H. Robinson Worldwide was founded in 1905 and is based in Eden Prairie, Minnesota.


Deal Context for Buyer #
Overall 1 of 24
Sector: Internet Software and Services 1 of 2
Type: Add-on Acquisition 1 of 23
State: Minnesota 1 of 2
Country: United States 1 of 11
Year: 1983 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-13 Norminter S.A.

Caen, France

Norminter S.A.,provides transportation and logistics services within Europe to shippers in a variety of industries.

Buy -