News Formal

WiseTech Acquires Aktiv Data to Expand Logistics Software Business

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 16 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 55%
  • Publisher: 90%

Business News

Wisetech,Aktiv Data,Logistics Software

Logistics software company WiseTech has acquired Aktiv Data, a Finnish provider of electronic customs and freight forwarding solutions. The terms of the deal were not disclosed. This acquisition follows WiseTech's recent acquisitions of MatchBox Exchange and Sistemas Casa, allowing the company to establish a presence in Mexico. WiseTech has been actively acquiring companies since 2016 and has completed over 40 deals. After a slower pace of acquisitions in 2020, WiseTech resumed its acquisitive strategy by purchasing Envase Technologies and Blume Global in the previous year.

Logistics software business WiseTech has acquired Aktiv Data, which provides electronic customs and freight forwarding solutions in Finland. Terms of the deal were not disclosed. Founded in 2006, and headquartered in Jakobstad, Aktiv Data offers a cloud-based freight forwarding and customs system called nTrax, as well as freight forwarding, bonded warehouse and waybill products.

WiseTech returned to its acquisitive ways last year, buying US firms Envase Technologies for $US230 million and Blume Global for $US414 million. WiseTech will offer Aktiv Data’s electronic customs solution to its CargoWise customers, making it easier for them to comply with Finland’s cross-border requirements.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beebird Logistics courier company vanishes, leaves hundreds of customers in limboBeebird Logistics has provided a direct mail service between Australia and China for years. However, the company is currently plagued by months-long delays, with parcels missing for almost half a year.
Source: abcnews - 🏆 5. / 83 Read more »