Acquires Belgian Logistics Solutions Provider Intris
Sydney, Feb 7, 2018 AEST (ABN Newswire) - WiseTech Global (
ASX:WTC) (WTCHF:OTCMKTS) today announced the acquisition of Intris, the leading Belgian provider of freight forwarding, customs and warehousing management solutions.
Headquartered in Antwerp, Intris provides its integrated software and cloud-based solutions to customers including Panalpina World Transport, Bollore Netherlands, Rhenus, Gosselin Support Services, AML and many other logistics services providers in Belgium and, more recently, the Netherlands. In addition Intris is the only Belgian integration partner for INTTRA eVGM.
The Intris product range includes TRIS Forwarding and Warehouse solutions which offer customers integrated data flows from order through to invoice, and the TRIS Customs Management System, which offers full customs compliance functionality, direct customs and port interfaces to European inland terminals. Their solutions provide process efficiency, productivity and improve risk mitigation for logistics services providers.
WiseTech CEO, Richard White, said, "Bringing Intris into the WiseTech Global group is another step in deepening our reach and capacity in Belgium, one of Europe's largest and most important trade gateways. We welcome the Intris team and management, as we value their deep industry experience and product development knowledge. We understand the complexities and challenges borne by logistics providers facing EU trade changes, growing transaction volumes and increasing cross-border compliance requirements. This transaction, as part of the continued expansion of our global footprint and broader pan-European capability, will, over time, build further capabilities and productivity for all our customers."
Intris Managing Director, Patrick Van De Looverbosch, said, "This is the logical next step for Intris, as we are currently transforming our operations and technologies to better support the market and our customers, with whom we will continue to partner closely. With WiseTech's global strength and significant innovation capacity invested locally, we will accelerate our drive to improve our customers' forwarding, warehousing and customs management capability."
Remaining under the leadership of Patrick Van De Looverbosch, Intris operations will be integrated within the WiseTech Global group and Intris will continue to deliver its powerful logistics software solutions directly to its own customers, along with WiseTech's integrated global logistics platform, CargoWise One.
CargoWise One, enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport and cross-border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.
This transaction follows WiseTech's other recent acquisitions in Ireland, North America, Australasia, Brazil, Taiwan, and the Netherlands, and is in line with WiseTech Global's stated strategy of accelerating long-term organic growth through targeted, valuable acquisitions across new geographies and larger, globally capable adjacencies.
About Intris
Founded in 1994, Intris N.V. is a leading provider of innovative, integrated freight forwarding, warehousing and customs management solutions in Belgium and the Netherlands. Headquartered in Antwerp, with a team of ~45 experienced logistics and technical professionals, Intris provides advanced software solutions for hundreds of customers from small businesses to multinational companies including Panalpina World Transport, Bollore Netherlands, Rhenus, Gosselin Support Services, AML and many other organisations and logistics services providers.
For more information about Intris and their TRIS range of solutions visit http://www.intris.be
About WiseTech Global Ltd
WiseTech Global Ltd (ASX:WTC) is a leading developer and provider of software solutions to the logistics execution industry globally. Our customers include over 17,000 of the world's logistics companies across 160 countries, including 41 of the top 50 global thirdparty logistics providers and all of the 25 largest global freight forwarders worldwide2. Our flagship platform, CargoWise, forms an integral link in the global supply chain and executes over 50 billion data transactions annually.
At WiseTech, we are relentless about innovation, adding over 4,000 product enhancements to our global platform in the past five years while bringing meaningful continual improvement to the world's supply chains. Our breakthrough software solutions are renowned for their powerful productivity, extensive functionality, comprehensive integration, deep compliance capabilities, and truly global reach.
For more information about WiseTech Global or CargoWise, please visit wisetechglobal.com and cargowise.com
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