Wisetech acquires US transport solution provider for $2.1M

Company News

by Anna Napoli

Wisetech Global (ASX:WTC) has announced the acquisition of SaaS Transportation.

The company is a specialist less than truckload (LTL) transport provider in the United States.

The global logistics solutions group will pay $2.1 million up front with a further multi-year earn-out potential of up to $1.7 million related to business integration and revenue performance.

Wisetech says SaaS has connections to over 70 US carriers and valuable local market knowledge.

Shares in Wisetech Global (ASX:WTC) down 1.27 per cent to $14.44.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.