Wisetech Global Acquires Envase Technologies Leading North American Landside Logistics Software Platform

Jan 24, 2023•over 2 years ago

Acquiring Company

WiseTech Global Limited

Acquired Company

Envase Technologies

Supply Chain ManagementLogisticsSaasInformation TechnologySoftware

Description

WiseTech Global (ASX:WTC), developer of leading logistics execution software CargoWise, today announced its acquisition of Envase Technologies (Envase), a leading provider of transport management system software for intermodal trucking, drayage (container haulage) and landside logistics in North America in a transaction valued at US$230 million. Envase is being acquired from private investment firm and supply chain investor Firmament, and a small number of other sellers.

Company Information

Company

WiseTech Global Limited

About

WiseTech Global is an Australian shipping software company that specializes in logistics and supply chain operations. The company provides advanced solutions to enhance visibility and efficiency in global trade. Its comprehensive software platform serves over 5,600 customers worldwide. WiseTech aims to be the operating system of choice for logistics and trade.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed