“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,” White said. “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.”
Systema CEO Birgit Vegheim (pictured above right) said, “We have been helping our customers enhance their cross-border compliance operations for over 30 years and now, by joining WiseTech, we can leverage its global development capacity in what is an exciting next step for us.
“High-productivity logistics solutions drive significant benefits for our customers, who we will continue to work closely with across the region,” Vergheim said.
Remaining under the leadership of Vegheim and founder Svein Huse (pictured above left), Systema’s operations will be integrated within the WiseTech Global group. Systema will continue to deliver its logistics management solutions directly to its own customers, along with CargoWise One, which enables logistics service providers to execute complex transactions across 130 countries.