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Wisetech Global Announces to Acquire Ocean Carrier Solution Provider Softship AG

18 Aug 2017  |  08:48:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: WTC to acquire ocean carrier solution provider Softship AG

WiseTech Global announced its intention to move to full ownership of global ocean carrier logistics solution provider, Softship AG (Softship), a German domiciled company traded on the Frankfurt Stock Exchange (FSE). Softship is a provider of software solutions to the international liner shipping industry with a sizeable European customer base. It has been a shareholder in Softship since 2014, established a controlling stake in July 2016, and has since increased its holding to 76.97% for a total investment of $21.6m (EUR 14.3m). Softship has been consolidated in its financial statements since 1 July 2016.

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