WiseTech is spending $325 million to buy US-based transport management software company Envase Technologies.
Logistics software giant WiseTech Global has started 2023 with a bang by making its largest acquisition to date, buying transport management system software company Envase Technologies for $US230 million .
The $18.3 billion company expects Envase, a US-based tech company with software for trucking and “landside” freight logistics in North America, to generate $US25 million in revenue in the 2023 calendar year.“[It] extends and strengthens our position in one of our six key CargoWise development priority areas, and we’re extremely pleased to have the Envase team join the WiseTech Global group,” he said in a statement.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BoA helps WiseTech get back on M&A trainWiseTech said there were about $US10 million in transactrion costs to cover. Part of that’s expected to go to BoA.
Read more »
‘No miracles needed’: Prof Mark Jacobson on how wind, sun and water can power the worldThe influential academic says renewables alone can halt climate crisis, with technologies such as carbon capture expensive wastes of time
Read more »
WA to create climate change legislationThe Western Australian government will be the third state to introduce climate change legislation this year in a bid to meet the target of net zero emissions by 2050. “It provides certainty to business and the entire community,” WA Climate Action Minister Reece Whitby said in a press conference. “It will encourage and stimulate investment in new infrastructure and technologies – it provides accountability and transparency.”
Read more »
Australian councils told to cut emissions rather than spend millions on overseas carbon offsetsCritics say millions of dollars are being spent by local governments on offsetting when it should be the last resort
Read more »
NT will not have ‘race-based policy’ that ‘disempowers’ Aboriginal Territorians: FylesNorthern Territory Chief Minister Natasha Fyles says the territory will not have a 'race-based policy' that 'disempowers' Aboriginal Territorians, as the government faces pressure to tackle the issue of alcohol and rising crime rates in the region. “People out of the Northern Territory need to understand the context,” she told Sky News Australia. “We have some of the most strictest alcohol supply measures, we will continue to work in that space, but we will not have a race-based policy that disempowers Aboriginal Territorians.”
Read more »
New toll rebate for eligible NSW motorists startsUp to 500,000 motorists in New South Wales are expected to claim back hundreds of dollars they spend on road tolls from today under a new relief scheme.
Read more »