Daily Digital Magazine: Pg. 9 — February 4, 2019

WiseTech buys Norwegian customs solutions provider

Oslo-based Systema part of “global geographic foothold strategy.”

   WiseTech Global on Friday announced the acquisition of Systema AS, a customs management solutions provider in Norway.
   Headquartered in Oslo, Systema offers customs and logistics management solutions from its core software platform SYSPED to customers in Norway, Denmark and Sweden. Customers include DACHSER, DHL, DSV, Norsk Trailer Express, Schenker and PostNord.

WiseTech buys Norwegian customs solutions provider

Oslo-based Systema part of “global geographic foothold strategy.”

WiseTech buys Norwegian customs solutions provider

Oslo-based Systema part of “global geographic foothold strategy.”

 
Continued from previous page
   WiseTech Global on Friday announced the acquisition of Systema AS, a customs management solutions provider in Norway.
   Headquartered in Oslo, Systema offers customs and logistics management solutions from its core software platform SYSPED to customers in Norway, Denmark and Sweden. Customers include DACHSER, DHL, DSV, Norsk Trailer Express, Schenker and PostNord.
   “Systema’s valuable customs and cross-border expertise will deepen our footprint in the Nordic region’s three largest markets — Norway, Denmark and Sweden,” said Richard White, founder and CEO of WiseTech Global.
    “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.”
   WiseTech has made more than two dozen acquisitions since January 2017, including three in October alone: CargoIT in Sweden, SmartFreight in Australia and DataFreight in the U.K.
    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.

The demise of small trucking companies is very similar to the demise of mid-scale farms, and it’s a serious concern especially as owners of these smaller trucking companies age out of the system.

The U.S. international trade goods and services deficit was $49.4 billion in February, down $1.8 billion from January's revised figures, according to U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

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