WiseTech Global Announced Swiss Acquisition

  • Jan 08, 2020 AEDT
  • Team Kalkine

WiseTech Global Limited (ASX: WTC) has announced the acquisition of SISA Studio Informatica SA (SISA), which is a leading a logistics solutions provider in Switzerland. Some of its clients include Fiege Logistik, FedEx, Post CH, F. Hoffman-La Roche.

  • SISA has been in business for over 40 years, and its capabilities in Europe would enhance WTC’s customs and regional expertise.
  • Net purchase price of the transaction is around $15.5 million as an upfront payment and potential benefits of up to $8.9 million.
  • The target company would be incorporated in the group’s account from February 2020.

By 12:55 PM AEDT, WTC was trading at 22.77, down 4.82 per cent from the previous close.

 

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