Wisetech Global buys Canadian company Fenix | Finance News Network

Wisetech Global buys Canadian company Fenix

Company News

by Rachael Jones

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
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.