WiseTech Global, global logistics solutions group, has acquired Xware, a leading messaging integration solutions provider in Sweden.
The acquisition will enhance WiseTech's messaging gateway and ensure it has greater control over future development. Xware's secure, interoperable messaging solution, xTrade, is designed to link organizations to suppliers and partners, allowing them to safely share information across platforms
“Given our powerful global development capabilities and worldwide reach, we will together further expand the speed and ease with which organisations can interconnect their myriad information systems with our CargoWise One global logistics execution platform. Xware will also play a part in our CargoWise Nexus platform, currently in development, designed to enable our customers to rapidly, reliably and securely connect digitally with their own customers and trading partners," WiseTech Global founder and CEO, Richard White says.
CargoWise enables logistics service providers to execute highly complex transactions across the supply chain. The transaction follows the company's recent logistics solutions acquisitions across the globe and is in line with WiseTech Global's clearly started strategy of accelerating long-term organic growth through targeted, valuable geographic foothold and technology adjacency acquisitions.
“Joining the WiseTech Global group brings Xware to a new phase with extensive new technical and commercial opportunities, such as access to the global market, and their very advanced and innovative development resources," Xware Managing Director, Jonas Ericsson says. "While we remain committed to delivering the best messaging integration solutions to our customers across Sweden and their ongoing support, we will now be able to help more organisations who operate outside the Nordics.”