WiseTech Global has announced its acquisition of Colombian logistics technology firm OpentecnologíA S.A. to enhance its customs capabilities in Latin America.
Information on the Target
WiseTech Global (ASX:WTC), a leading software developer in logistics execution through its CargoWise platform, has announced a strategic agreement to acquire OpentecnologíA S.A. This Colombian firm excels in logistics technology and customs solutions, specifically tailored to meet the needs of the Colombian market. The acquisition is expected to enhance CargoWise's global customs capabilities across Latin America.
Founded in 2004 and headquartered in Bogotá, Opentecnología has established itself as a leader in delivering specialized software solutions for the logistics and business sectors. Its platforms enable importers and exporters to efficiently comply with customs, tax, and fiscal obligations while ensuring the secure generation and transmission of electronic documents.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Colombia
Colombia is the fourth largest economy in Latin America and boasts the third-largest population in the region. The country features five strategic cities for trade: Bogotá, Medellín, Cali, Barranquilla, and Cartagena, providing importers and exporters with extensive commercial relationships. Approximately 90%
Similar Deals
Talma Servicios Aeroportuarios → LASA Servicios Aeroportuarios de Colombia
2019
Talma Servicios Aeroportuarios → LASA Servicios Aeroportuarios
2019
WiseTech Global
invested in
OpentecnologíA S.A.
in
in a Buyout deal