Uber Freight, the trucking and logistics arm of Uber Technologies Inc. (NYSE: UBER), is buying logistics technology company Transplace from TPG Capital for $2.25 billion. The target offers software that is designed transportation efficiency.

The acquisition comes at a time of accelerated transformation in logistics, Uber Freight said in a release. The demands of a volatile market and the increasing complexity of globalized logistics are clashing with industrial-age transportation technology, the company added.

“Our expectation is that shippers will see greater efficiency and transparency and carriers will benefit from the scale to drive improved operating ratios, says Transplace CEO Frank McGuigan. TPG acquired Transplace in 2017.

Morgan Stanley & Co., Cooley LLP and Sullivan & Cromwell LLP are advising Uber. Goldman Sachs, Harris Williams, Kirkland & Ellis and Cleary Gottlieb are advising the sellers.