TNT Express has sold its 14.3 percent stake in the software solutions company Apriso to Dassault Systemes for $205 million.
TNT Express received the Apriso stake when it demerged from TNT N.V. in May 2011.
France-based Dassault Systems, which creates 3D design software, plans to fully integrate Apriso into its portfolio, according to a company press release.
Last year, Apriso achieved its seventh consecutive year experiencing revenue growth of more than 20 percent. - Jon Ross