• Photo: Envase Technologies


Artikel Nummer: 43628

US transport software provider sold

The Australian company Wise Tech Global, the developer of the logistics software Cargo Wise, has acquired Envase Technologies. The US company provides transport management software for intermodal trucking, drayage (container haulage) and landside logistics in North America. The transaction is valued at USD 230 million.


Envase is being purchased from the private investment enterprise Firmament, and a small number of other sellers. Its solutions specialise in visibility of container movements in all aspects of import and export haulage operations from port and rail terminals to destination.


Its 1,300 customers in North America include trucking companies, ports, depots and warehouses. Envase is expected to generate approximately USD 35 million of revenue in 2023, with an ebitda margin in the 20% range. The acquisition is scheduled to close in February 2023. (sh)




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