WiseTech Global has acquired CargoIT, a leading Swedish customs and logistics solutions provider, enhancing its market presence and capabilities in the Scandinavian region.
Target Information
WiseTech Global has announced the acquisition of CargoIT, a prominent provider of customs management and logistics solutions based in Stockholm, Sweden. Established in 1981, CargoIT has built a solid reputation over the past four decades, delivering innovative customs management solutions alongside freight forwarding, warehousing, and transportation management services. The company serves over 150 clients, including notable organizations such as DHL, Kerry Logistics, SAS Cargo, and Mondelez International.
Industry Overview
Sweden boasts a highly developed logistics industry, reaffirmed as the largest in Scandinavia. With a strategic geographical position and advanced infrastructure, the Swedish logistics market continues to attract global stakeholders, particularly in customs management and logistics solutions. As international trade expands, the demand for efficient logistics solutions that streamline cross-border compliance is becoming paramount.
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In recent years, there has been a significant growth in e-commerce and digitalization, which have transformed how logistics companies operate. As a result, l
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WiseTech Global
invested in
CargoIT
in
in a Strategic Partnership deal