WiseTech Global purchases Counterchain

The AU$92 million acquisition marked the second in February for the Australian company, which has made more than two dozen acquisitions since January 2017.

WiseTech Global purchases Counterchain

The AU$92 million acquisition marked the second in February for the Australian company, which has made more than two dozen acquisitions since January 2017.

WiseTech Global purchases Counterchain

The AU$92 million acquisition marked the second in February for the Australian company, which has made more than two dozen acquisitions since January 2017.

 
Logistics software company WiseTech announced Monday it had acquired Counterchain, a Singaporean containerized solutions provider.
    The AU$92 million ($65.81 million) purchase was the second acquisition in February for the Australia-based company, which has made more than two dozen acquisitions since January 2017.
    Counterchain serves the container shipping industry, including depots and terminals, truckers, warehouses, shipping lines and shippers. It covers more than 5 million import and export container movement notifications annually and has offices in Australia, New Zealand, Singapore, Malaysia, Germany, the Netherlands, Belgium, France and the U.S.
    The acquired group will be added to WiseTech’s “portfolio of CargoWise One 2PL and 3PL execution capabilities” and will further facilitate its “new platform in development, CargoWise Nexus,” said Richard White, WiseTech Global founder and CEO.
    “We currently track more than 12 million international ocean containers annually through all major milestones, including container depots and ports for logistics organizations,” he said. “Now, with Counterchain, we will be able to provide additional visibility, notifications and decision-making capabilities domestically on both ends of the container chain.”
   Containerchain will remain under the joint leadership of managing director Chris Collins and founder Tony Paldano.

 [The USMCA] will level the playing field for manufacturers in the United States and support the 2 million American manufacturing jobs that depend on our exports to Canada and Mexico


 

Great Lakes iron ore shipments in March tumbled 39 percent year-over-year, which the Lake Carriers’ Association said was due to a lack of adequate icebreaking resources.

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WiseTech Global purchases Counterchain

The AU$92 million acquisition marked the second in February for the Australian company, which has made more than two dozen acquisitions since January 2017.

Feb 26, 2019 on Dec 27, 2018AmericanShipper.com

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WiseTech Global purchases Counterchain

The AU$92 million acquisition marked the second in February for the Australian company, which has made more than two dozen acquisitions since January 2017.

Feb 26, 2019 on Dec 27, 2018AmericanShipper.com