CargoWise, the technology solutions provider for logistics service providers (LSPs), has extended its reach into domestic logistics with the acquisition of Australian domestic transport and logistics software vendor, TransLogix. The deal will provide CargoWise with comprehensive domestic transport knowledge to complement its existing international logistics software expertise. The combined business will have the capacity to dramatically increase the level of research and development investment, accelerate the creation of new software capabilities, expand into new geographies and become far more competitive in its core market.
"This is a critical and significant step in our growth plans," says CargoWise CEO Richard White. "The addition of the TransLogix domestic transport software skills to our platform will not only boost our business, it will give customers all aspects of freight operations door to door, road, rail, air and sea and across borders from a single global vendor.
"This acquisition will affirm CargoWise's position at the leading edge of logistics technology, and position the company to become the pre-eminent provider of the most comprehensive logistics execution software in the world."
TransLogix's founder and CEO Anselm Waterfield will be assisting in the integration and transition of the business.
"This represents a logical strategic step for TransLogix which has a long and successful track record. As part of CargoWise, we will be able to extend and invest extensively to meet our customers' needs with a new, leading-edge platform and technology," says Anselm Waterfield. "We will be able to harness a unique mix of deep expertise and proven capabilities that meet the needs of our customers. There is an exciting and rewarding future ahead for all stakeholders."