U.S. private equity firm Thoma Bravo is reportedly in advanced negotiations to acquire third-party logistics provider WWEX Group in a deal that could create a shipping technology business valued at up to $12 billion.

According to a report by Bloomberg News, which cited sources familiar with the matter, the proposed buyout would value WWEX at approximately $5 billion. An announcement could come as early as Tuesday, the report added.

Thoma Bravo, known for its focus on software investments, is said to be planning a merger of WWEX with Auctane, an e-commerce shipping software provider already in its portfolio. The combination is expected to create a major player in the shipping technology and logistics space, blending freight services with digital shipping solutions.

The potential acquisition underscores growing investor interest in technology-driven logistics platforms, particularly as e-commerce continues to fuel demand for integrated shipping and supply chain solutions.

Thoma Bravo did not immediately respond to a request for comment, while WWEX — which includes the Worldwide Express brand — declined to comment on the reported talks.