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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