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WiseTech’s acquisition spree continues

  • Posted on Monday 4th, February 2019.

Sydney-based logistics software group, WiseTech Global, has acquired Norwegian customs solutions provider, Systema.

WiseTech Global founder and CEO, Richard White, said Systema’s valuable customs and cross-border expertise will deepen the group’s footprint in the Nordic region’s three largest markets: Norway, Denmark and Sweden.

“Systema’s Norwegian customs solutions experience combined with our powerful global innovation and development capabilities, and CargoWise One platform, will enhance integrated cross-border logistics solutions for thousands of logistics organisations worldwide,” said White.

“This is a further step in our global geographic foothold strategy, expanding WiseTech’s lead in customs clearance and border compliance, which continues to grow in importance for world trade. This transaction follows our recent acquisition of CargoIT, a leading customs management solutions provider in Sweden, and our European foothold acquisitions in Belgium, Germany, France, Ireland, Italy, Netherlands, Spain, and Turkey,” he said.

Systema CEO, Birgit Vegheim, said that by joining WiseTech, it can leverage its global development capacity and help customers enhance their cross-border compliance operations.

“High-productivity logistics solutions drive significant benefits for our customers, who we will continue to work closely with across the region,” said Vegheim.

Remaining under the leadership of CEO, Birgit Vegheim, and founder, Svein Huse, Systema’s operations will be integrated within the WiseTech Global group and Systema will continue to deliver its logistics management solutions directly to its own customers, along with CargoWise One.

This transaction follows WiseTech’s other recent logistics solutions acquisitions in Argentina, Australasia, Belgium, Brazil, Canada, France, Germany, Ireland, Italy, the Netherlands, North America, Spain, Sweden, Taiwan, Turkey, the UK and Uruguay, and is in line with WiseTech Global’s clearly stated strategy of accelerating long-term organic growth through targeted, valuable acquisitions.

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