Takeover number eight this year for WiseTech as it scoops up Pierbridge

Australian logistics software provider WiseTech Global has agreed one of its largest acquisitions to date with US parcel shipping transport management solution (TMS) provider Peirbridge for an initial fee of A$37m (US$27.3m).
Depending on “business and product integration and revenue performance”, a further A$22.4m could be payable.
Pierbridge offers a parcel shipping solution that streamlines carrier selection, booking, label printing, tracking, invoice reconciliation and business intelligence reporting direct to customers, which include Overstock.com, Siemens, US …

The post Takeover number eight this year for WiseTech as it scoops up Pierbridge appeared first on The Loadstar.

Source: The Loadstar

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