Global logistics solutions group, WiseTech Global (ASX:WTC), has acquired Fenix Data Systems a Canadian customs management solutions provider.
Ontario-based Fenix offers a range of Canadian customs compliance solutions to customers including DHL Express and Swissport Cargo Services.
The purchase cost is $2.5m upfront. Fenix is expected to be consolidated into WiseTech Global accounts from July this year.
Shares in WiseTech Global (ASX:WTC), up 0.48 per cent to $15.80