WiseTech Global Announces Containerchain Acquisition
Singapore-based leading container optimization solutions provider, Containerchain, makes the news as WiseTech Global confirms its latest acquisition of the company supports efforts towards forward-thinking technology integration and adding significant strategic value.
WiseTech Global Founder and CEO, Richard White explained additional value the acquisition will bring to the company as a whole:
“Containerchain is a valuable connector technology, digitizing and optimizing container depot operations and gate slot-bookings, adding adjacent technology to our portfolio of CargoWise One 2PL and 3PL execution capabilities and further facilitating our new platform in development, CargoWise Nexus. We see great strategic value in the team’s container management technology and expertise, connectivity across landside communities and significant market penetration in Australia, New Zealand and Singapore. Importantly this acquisition further expands our offering and ability to reach new customer segments.
“Bringing Containerchain into the WiseTech group now, with our powerful innovation capacity across our 20 development centres worldwide and our significant operational capacity to support commercial engagement for their new entry markets, presents an incredible opportunity for efficient future growth – benefiting container communities and the 12,000 organisations using WiseTech logistics solutions across the world.”
“This transaction is an additional component in our global container automation and domestic land-side technology developments. We currently track more than 12 million international ocean containers annually through all major milestones, including container depots and ports for logistics organisations. Now, with Containerchain, we will be able to provide additional visibility, notifications and decision-making capability domestically on both ends of the container chain. Increasingly, we are expanding into capabilities that will connect and enable logistics providers and carrier with Beneficial Cargo Owners (BCO’s) such as shippers, importers, exporters and other logistics users.”
Source: WiseTech Gobal