Chicago—April 2, 2012—North American customs broker Livingston International finalized the acquisition of the customs and trade compliance services of the Global Trade business of JPMorgan Chase Bank, N.A.
The acquisition includes the operations and technology of the former Vastera business, a global leader of customs and trade compliance solutions. It builds on Livingston’s international trade expertise and offerings within the United States and Canada, while expanding its services to Mexico, Europe and Asia.
“In addition to accelerating our growth strategy, this highly complementary business gives us a very strong platform in import and export compliance management, developed for world-class companies headquartered in North America who do business globally,” explained Peter Luit, President and Chief Executive Officer, Livingston International. “The expert staff and unique technology we have acquired are vital to allow clients to realize cost savings and operational efficiencies while improving compliance with government regulations. We are confident that our clients will benefit significantly from our deliberate focus on customs and trade compliance and our commitment to delivering first-class solutions.”
Livingston International provides customs brokerage and customs compliance services for many of the major importers and exporters in the pharmaceutical and medical devices industry, as well as manufacturers of telecommunications equipment; semiconductors and other electronics; motor vehicles and automotive parts; and agricultural, construction and mining equipment.
