WiseTech Global acquires U.S. logistic company Depot Systems

By Akshay Kedari  Date: 2019-08-20

WiseTech Global acquires U.S. logistic company Depot Systems

Depot Systems will remain under MD Wally Morris’s leadership and will continue to offer container yard management solutions to its clients in the U.S.

Global logistics solutions group, WiseTech Global has recently announced the acquisition of U.S.-based software company Depot Systems. For the record, Depot Systems is the leading terminal management/ container yard software provider in the nation that offers container maintenance, container yard management and repair estimating.

Located in Ohio, the company serves over 200 terminal and depots and also helps administer container bookings, container lifting and mounting, releases and manifests, repair and equipment status as well as gate EDI.

Speaking on the announcement, Richard White, Founder and CEO, WiseTech Global, said that Depot system is renowned as the nation’s leading container yard management software with substantial container yard experience and advanced products.

He claims that empty container yards are essential but are often an overlooked part of the landside logistics and international supply chain, thus making addition of Depot Systems vital to build further opportunities for its technology solutions.

White further claims that the acquisition would provide the company a better visibility and coverage into the container yard sector to solve the landside logistics issues which would in turn, strengthen their one-stop integrated platform CargoWise One and help them drive long-term operational advancements for logistics providers.

Wally Morris, Managing Director, Depot Systems, claims that the merger would present enormous growth opportunities for them while accelerating their product development and innovating their container yard logistics.

For the uninitiated, CargoWise One is an integrated management solution that enables logistics service providers to perform critical transactions in areas such as land transport, customs clearance, warehousing, shipping, freight forwarding, tracking, cross-border compliance and e-commerce while managing their business on one database across multiple functions, users, languages, currencies and countries.

Moreover, reports cite that this transaction follows WiseTech's recent logistics solutions acquisitions in Australasia, Argentina, Brazil, Belgium, France, Canada, Ireland, Germany, Sweden, Taiwan, Italy, Norway, the Netherlands, Spain, Turkey, Uruguay, North America and the UK.

Source Credit: https://au.finance.yahoo.com/news/global-logistics-software-group-wisetech-011000833.html

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Apple’s iPhone 13 production may take a hit due to global chip shortage

Apple’s iPhone 13 production may take a hit due to global chip shortage

By Akshay Kedari

Apple Inc. is likely to cut down production of its iPhone 13 model by approximately 10 million units on account of the global chip shortage. The American multinational technology company was previously expected to manufacture 90 million units of the ...

Israel's GoTo Global acquires German e-moped sharing platform emmy

Israel's GoTo Global acquires German e-moped sharing platform emmy

By Akshay Kedari

Israel-based multimodal vehicle sharing services provider GoTo Global Mobility Ltd. has reportedly acquired Germany’s shared e-scooter company emmy. The acquisition will allow GoTo Global to enter the German market as well as accelerate its Eur...

German airline Lufthansa adds four new planes to its A350 fleet

German airline Lufthansa adds four new planes to its A350 fleet

By Akshay Kedari

Deutsche Lufthansa AG recently revealed that it has agreed to take four new Airbus A350-900 long-haul passenger aircraft on lease, utilizing newer planes that are left grounded as airlines reorganize their balance sheets in the wake of the ...

Samsung fined USD 47 million by Dutch watchdog for price-fixing TVs

Samsung fined USD 47 million by Dutch watchdog for price-fixing TVs

By Akshay Kedari

South Korean electronics manufacturing giant Samsung Electronics Co. Ltd. has been charged a penalty of USD 46.9 million by the Dutch competition watchdog Authority for Consumers and Markets (ACM) for price-fixing practices in the Netherlands. The m...

TEA-Lab, MED-EL unveil the world's first multifunction hearing aid app

TEA-Lab, MED-EL unveil the world's first multifunction hearing aid app

By Akshay Kedari

Communication solution provider for cloud meetings Tencent Ethereal Audio Lab (TEA-Lab) together with Austria-quartered implantable hearing solutions leader MED-EL recently announced the launched a first-of-its-kind hearing aid app that incorporates ...