Acquires Italian Customs Solution Provider ACO Informatica
Headquartered in Milan, ACO Informatica provides customs and logistics solutions to over 200 customers including DHL, Italsempione, Saima Avandero DSV, SNATT Logistica and Traconf.
At a purchase cost of up to EUR1.2m phased over up to 5 years, current annual revenue of approximately EUR0.6m and NPAT of approximately EUR0.02m, this transaction is not material to the WiseTech Global group. ACO will be consolidated into WiseTech group accounts from February 2017.
WiseTech CEO, Richard White, said "We know the ACO team well, both for their innovative customs clearance solutions for Italy and as a WiseBusiness Partner for CargoWise One. Now, with the team as part of our WiseTech Global family, we will work together on delivering more powerful capabilities for customers in the future."
"Along with our recent acquisition of znet in Germany, this transaction is in line with our stated strategy of accelerating long-term organic growth through small, targeted, valuable acquisitions across new geographies and adjacencies.
We are continuing to progress our pipeline of opportunities in key target regions of Europe, South America and Asia."
About ACO Informatica
Founded in 2000, ACO Informatica provides customs and logistics solutions to over 200 customers including DHL, Italsempione, Saima Avandero DSV, SNATT Logistica and Traconf. Since 2010, ACO Informatica have been the key Italian member of EurTradeNet, the European CRSP providers association and, since 2013, ACO has been a WiseBusiness Partner and WiseService Partner for CargoWise One.
For more information on ACO, please visit http://www.acoinformatica.it/en/
About WiseTech Global Ltd
WiseTech Global Ltd (ASX:WTC) is a leading developer and provider of software solutions to the logistics execution industry globally. Our customers include 12,000 of the world's logistics companies across ~130 countries, including 38 of the top 50 global third-party logistics providers and all 25 of the 25 largest global freight forwarders worldwide. Our flagship product, CargoWise One, forms an integral link in the global supply chain and executes over 44 billion data transactions annually. At WiseTech, we are relentless about innovation, adding more than 3,000 product enhancements to our global platform in the past five years while bringing meaningful continual improvement to the world's supply chains. Our breakthrough software solutions are renowned for their powerful productivity, extensive functionality, comprehensive integration, deep compliance capabilities, and truly global reach.
For more information about WiseTech Global or CargoWise One, please visit http://wisetechglobal.com
WiseTech Global Ltd