Richard White’s WiseTech snares trucking logistics software Envase for $326m
- thewilliamsmith
- Jan 25, 2023
- 1 min read
Australian logistics software developer WiseTech Global (ASX: WTC) has today announced the US$230 million (AUD$326 million) acquisition of US transport management system software provider Envase Technologies.
The deal, which comes just two weeks after WiseTech’s founder and CEO Richard White acquired UK-based Kyckr via his personal investment company for $44 million, will strengthen WiseTech’s position in the intermodal trucking and landside logistics space according to the company.
Headquartered in the US, Envase’s solutions for carriers automate and provide visibility for the movement of containers across all aspects of import and export haulage operations from port and rail terminals to destination.
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