WiseTech Global, a leading logistics software group, has announced its acquisition of container solutions provider Containerchain.
Based in Singapore, Containerchain provides optimization services such as real-time tracking, operational planning and automation to logistics communities in Europe, the US and the Asia-Pacific region.
Key customers of Containerchain include road transporters, container terminals, shipping lines and cargo owners, with major companies like Qube Holdings, DP World and Kuehne + Nagel all leveraging solutions from the market leader.
Richard White, WiseTech Global Founder and CEO, made a statement: “Containerchain is a valuable connector technology, digitising and optimising container depot operations and gate slot-bookings, adding adjacent technology to our portfolio of CargoWise One 2PL and 3PL execution capabilities and further facilitating our new platform in development, CargoWise Nexus.
“We see great strategic value in the team’s container management technology and expertise, connectivity across landside communities and significant market penetration in Australia, New Zealand and Singapore.
“Bringing Containerchain into the WiseTech group now, with our powerful innovation capacity across our 20 development centres worldwide and our significant operational capacity to support commercial engagement for their new entry markets, presents an incredible opportunity for efficient future growth – benefiting container communities and the 12,000 organisations using WiseTech logistics solutions across the world.”
At the APSA Executive Forum, WiseTech $WTC Founder & CEO, Richard White, spoke about the transformation of international trade & announced the acquisition of Containerchain. https://t.co/O3rpinPdJo
Richard w/ Containerchain MD, Chris Collins & Gail Williamson, WiseTech CGO pic.twitter.com/7JvThjr8nG
— WiseTech Global (@WiseTechGlobal) February 26, 2019
Containerchain will remain under the joint leadership of Managing Director, Chris Collins, and Founder, Tony Paldano following the acquisition, and is expected to grow more rapidly outside of Australia, New Zealand and Singapore.
As a result of the deal, Containerchain will be also able to access new opportunities arising from the organizations currently utilizing WiseTech’s integrated supply chain solutions, as well as WiseTech’s adjacent technology providers.
Chris Collins discusses connectivity between ports and landside operations in a recent Port Technology technical paper
Paldano said: “This is a big step forward, with customers getting access to full information management of their shipments, clean and complete data for improved decision-making, and significant productivity improvements for all stakeholders as a result.”
Collins added: “For some time, the containerised supply chain has been seeking integrated platform connectivity to further improve efficiencies and shipper visibility.
“The combination of Containerchain’s landside container management ecosystem and WiseTech’s global CargoWise One execution platform will allow us to enhance this connectivity and ultimately deliver true door-to-door shipper visibility and optimisation.”