Sydney, Australia-based Global logistics software provider WiseTech Global, which has made seven other various acquisitions around the globe throughout the year, has snatched up warehouse management solutions (WMS) provider Microlistics.
Microlistics is expected to be consolidated into WiseTech’s group accounts from February 2018.
Global logistics software provide WiseTech Global has acquired Microlistics, a warehouse management solutions (WMS) provider.
The purchase price for Microlistics comprises AUD $20 million (U.S. $15.3 million) up front, with a further multi-year earn-out potential of AUD $20 million related to product integration and significant revenues growth to fiscal year 2020, WiseTech said in a statement.
Microlistics is expected to be consolidated into WiseTech’s group accounts from February 2018.
Based in Sydney, Australia, WiseTech has more than 7,000 customers in over 125 countries. WiseTech’s flagship product, a global integrated platform known as CargoWise One, enables logistics services providers to execute transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport and cross-border compliance to manage their operations on one database across multiple users, functions, countries, languages and currencies.
Headquartered in Melbourne, Australia, Microlistics provides its warehouse management solutions – encompassing enterprise, express, third-party logistics and cold storage – predominantly across the Asia Pacific, North America and the Middle East. Its WMS are used by more than 70 organizations worldwide.
Microlistics will remain under the leadership of Mark Dawson, the company’s founder and managing director.
WiseTech has been on an intense acquisition spree throughout 2017. Since January, WiseTech announced the acquisitions of:
• Cargoguide, a provider of global airfreight rate management solutions, along with CargoSphere, a provider of global ocean freight rate management solutions;
• CMS Transport Systems, a provider of integrated road transport and logistics management systems across Australia and New Zealand;
• Prolink, a Taiwanese forwarding and customs solutions provider;
• Digerati, a provider of tariff research and compliance tools used by the Australasian customs broking community;
• Bysoft, the largest provider of automated customs solutions to the logistics industry across Brazil;
• ACO Informatica, a provider of customs compliance and customs warehouse solutions to the logistics industry across Italy;
• And znet group, a provider of customs solutions across Germany.
In addition, Softship AG, a part of the WiseTech group, is no longer listed on the German stock exchange as of Dec. 1, according to Softship’s website. WiseTech announced back in August its intention to apply to de-list Softship’s shares from the Frankfurt Stock Exchange (FSE), and increase its holding in the company from 76.97 percent to 100 percent.
Looking ahead, WiseTech said, “We are continuing to progress our pipeline of opportunities in key target regions of Europe, Asia and Latin America and additional adjacencies.”