Australian logistics software provider WiseTech Global is set to expand into the Canadian market after today announcing that is to buy Ontario-based Fenix Data Systems.
According to an Australian Securities Exchange filing, WiseTech will pay an initial A$2.5m (US$1.9m) for the customs management solutions provider, “with a further multi-year earn-out potential of $800,000 related to business and product integration and revenue performance”.
Fenix offers a range of cloud-enabled customs compliance solutions including customs …
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Source: The Loadstar