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Wisetech Global Acquires Global Solutions Cargoguide and CargoSphere

12 Sep 2017  |  10:24:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: WTC acquires global solutions Cargoguide and CargoSphere

WiseTech Global announced acquisitions of two global rate management solution providers: Netherlands-based Cargoguide, a provider of global air freight rate management solutions and US-based CargoSphere, a provider of global ocean freight rate management solutions. Headquartered in North Carolina, CargoSphere offers its ocean freight rate management solutions to over 100 freight forwarders and 3PLs including Kuehne + Nagel, Dachser, NNR Global Logistics, M+R Spedag, and Livingston International. For Cargoguide, the purchase cost is $6.9m with earn-out potential related to revenue growth to 2020. For CargoSphere, the purchase cost is $11.5m with earn-out potential related to revenue growth to 2020.

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