Freightos acquires freight-tender procurement platform Shipsta.
Freightos states that the acquisition will be financed through a combination of cash and equity.
Freightos has announced its acquisition of freight-tender procurement platform Shipsta, a move the company says will expand its spot pricing, quoting, and booking capabilities by adding tender procurement.
In a press release Freightos expressed confidence that the acquisition will accelerate its growth, support its financial goal of achieving positive Adjusted EBITDA by the end of 2026 with available funds, and strengthen its market position in the global freight industry.
The combined Freightos-Shipsta offering will provide the most comprehensive modern platform for selling and procuring freight services, connecting carriers, freight forwarders, and importers/exporters on one unified digital booking platform,” claims Freightos, in its press release.
This acquisition will see Shipsta’s product capabilities, customer base and team merge with the Freightos ecosystem, which Freightos believes will improve its offering and drive revenue growth with “immediate cross-sell opportunities”.
Freightos has also confirmed that Shipsta’s team, led by Christian Wilhelm and Stefan Maratzki, will continue to lead Shipsta’s product development, innovation, customer success, and go-to-market strategy.
Moreover, as part of the acquisition, Shipsta’s current team will join Freightos, and parts of Shipsta’s roadmap will be accelerated to “further enhance tender management, provide improved operational integrations and expand on market intelligence capabilities.
#acquistion#shipsta#freightos#freightforwarding
Freightos acquires SHIPSTA by Freightos to enhance freight digitisation and expand market reach. The acquisition integrates Shipsta’s tender procurement capabilities, strengthening Freightos’s offering in contract procurement and reinforcing its position as a tech leader in global logistics. This strategic move aligns with Freightos's growth goals, driving innovation and setting new industry standards.
#FreightTech#Logistics#SupplyChain#DigitalTransformation#Innovationhttps://lnkd.in/gMquA4P5
Outsourcing logistics has become a strategic move for many businesses in 2024, driven by the need for efficiency, cost savings, and enhanced service quality.
With rising costs, customer expectations, and the complexities of supply chains, many companies are turning to outsourcing as a smart solution.
Whether you’re a small startup or an established enterprise, partnering with a logistics provider can unlock numerous benefits.
Our recent blog outlines five key benefits of outsourcing logistics and how they can positively impact your business.
Link: https://lnkd.in/dEXmMnx6
|| Kwikpik is proudly built on Hedera and supported by The HBAR Foundation.
Asia's logistics sector shines brightly against the backdrop of the global economy's gradual recovery from the pandemic, showcasing robust growth and innovation. With the COVID-19 pandemic acting as a catalyst, the region is set to outpace the rest of the world, capturing a significant share of global e-commerce logistics growth.
🔍 Key Findings:
01 • Asia is projected to account for 57% of the growth in the global e-commerce logistics market between 2020 and 2025, emphasizing its central role in global trade and logistics activities.
02 • The logistics market in Asia has seen substantial investment, with mergers, acquisitions, and start-ups attracting around $25 billion in the first quarter of 2021 alone, signaling a competitive yet opportunity-rich environment.
03 • Strategic investments and tactical moves, including M&As, IPOs, and captive-function carve-outs, are recommended for logistics players aiming to solidify their presence and leverage Asia's booming logistics landscape.
💭 ALP’s Advice
Logistics companies should act swiftly to capitalize on Asia's growth, focusing on strategic investments and expansions. Tailoring services to meet the region's unique demands and leveraging technological innovations can help secure a competitive advantage.
Follow us for more insights and visit https://www.alp.global/en to explore how you can leverage Asia's logistics boom to your advantage.
Source:
McKinsey & Company | https://lnkd.in/eh-tMvF
Anatrica Acquires 55% Stake in Aurotrans to Strengthen Logistics and Strategic Capabilities
We are thrilled to announce that ANATRICA has acquired a 55% stake in AUROTRANS LOJİSTİK HİZM.LTİ.ŞTİ. in Türkiye, marking our first strategic investment in the logistics sector. This acquisition aligns with our vision to provide integrated end-to-end solutions and reinforce our presence in the EMEA markets.
Why This Investment Is a Strategic Milestone for Anatrica:
* Integrated End-to-End Solutions: Leveraging Aurotrans' logistics expertise, we aim to deliver seamless, efficient, and reliable supply chain solutions, enhancing our door-to-door service capabilities.
* Market Insights and Agility: This investment equips us with vital market insights, enabling us to adapt quickly to the evolving trade landscape and address global logistics challenges effectively.
* Supporting Aurotrans' Global Vision: We are committed to supporting Aurotrans in expanding its international operations, particularly in air transport, and strengthening its presence in over 40 countries.
* Future Investments: We are currently pursuing two additional strategic investments, furthering our mission to lead in integrated end-to-end services.
Commenting on the investment, Abubekir S., CEO of ANATRICA, said:
"We are delighted to be part of Aurotrans' journey and we welcome Aurotrans to the Anatrica family. This strategic investment, in partnership with our South African partners Vunani Group, underscores our commitment to providing integrated end-to-end solutions. It is a testament to our focus on meeting client needs and navigating the fast-paced dynamics of the market.
With Aurotrans' expertise in logistics, we are confident in our ability to enhance our market insights and agility.
Türkiye's strategic position in global supply chains—across land, sea, and air—reinforces the value of this investment.
We believe this will maximize future trade potential and strengthen Türkiye's role in the logistics sector.
We aim to support Aurotrans' globalization plans by providing both financing and strategic guidance to foster their growth.
I extend my gratitude to my colleagues involved in this acquisition at ANATRICA who worked tirelessly to finalize this deal, as well as our supply chain and logistics consultant Atilla Yıldıztekin, and the founding partners of Aurotrans, Hakan Şen and Sedat Yaver, for their willingness, dedication, and expertise during the acquisition process. I believe that with their expertise and leadership, Aurotrans has a bright future."
Read more in the Turkish economy press: Anatrica acquires 55% of Aurotrans. Anatrica; Click the link to read more;; https://lnkd.in/eT5TQJU3
Stay tuned for more updates on our strategic growth initiatives.
#Anatrica#Aurotrans#Logistics#Investment#SupplyChain#Growth#EMEA#EndToEnd#Global
Consolidation in supply chain technology continues.
Körber Supply Chain just acquired MercuryGate International, the TMS company.
I remember first meeting MercuryGate, close to 22 years ago. Monica Wooden and Steve Blough started the company as a bootstrapped pioneer in what we then called the web-based TMS arena. I was impressed with the team. They were quick to note that they were building a business similar to my first startup, 3PLex, but much more capital efficiently!
Since then, MercuryGate has scaled up into a leading SaaS TMS provider. Meanwhile, Korber has pursued a series of acquisitions in supply chain software.
13 years ago, Brad Jacobs founded XPO. He bought Express-1 and then consolidated asset-light logistics with a series of acquisitions. Can Korber pursue a similar strategy to consolidate the SaaS logistics arena?
#supplychain#consolidationhttps://lnkd.in/epipie9t
Dipole Group and SuperProcure Forge Strategic Partnership to Revolutionize Australian Logistics Services
Dipole Group, a leader in technology solutions, has announced a strategic partnership with SuperProcure, a prominent logistics and supply chain management company. This joint venture is set to enhance logistics services in Australia, combining Dipole Group's onshore capabilities with SuperProcure's expertise.
Ravi Nekkalapudi, Director of Dipole Group, commented on the collaboration, stating, "Our partnership with SuperProcure is a pivotal step towards providing logistics services in Australia. Leveraging SuperProcure expertise, we are committed to delivering high-caliber services tailored to the Australian market's needs."
Anup Agarwal, Founder of SuperProcure, expressed his enthusiasm, noting, "We are thrilled to embark on this strategic partnership with Dipole Group, marking a significant stride towards transforming logistics services on a global scale. By synergizing Dipole Group's expertise and relationship in the Australian market with SuperProcure's proven track record in supply chain management, we are poised to unlock new potentials and redefine industry standards in Australia. This collaboration underscores our shared commitment to delivering innovative solutions that empower businesses across borders, driving efficiency, transparency, and sustainable growth in the dynamic landscape of global logistics."
The partnership aims to deliver a comprehensive suite of logistics solutions, addressing the diverse and evolving needs of Australian businesses. By combining Dipole Group's local presence with SuperProcure's global logistics experience, the venture promises enhanced efficiency, transparency, and cost-effectiveness in logistics operations.
For more information on the partnership and its benefits to Australian businesses, please contact Dipole Group.
#logistics#logisticssolutions#ictsolutions#ictbusiness
DSV Acquires DB Schenker – A Landmark Deal in Global Logistics-
The acquisition of DB Schenker by DSV is a game-changer for the global supply chain and logistics sector. This massive deal, involving two of the world’s leading logistics giants, marks a significant consolidation in the industry and is set to create one of the largest logistics powerhouses globally.
Here are a few key takeaways:
Stronger Global Reach: Combining DB Schenker’s extensive network with DSV’s capabilities means a more comprehensive service offering across air, sea, and road freight. This merger can reshape global trade routes and efficiency.
Customer-Centric Approach: The combined entity promises better flexibility, scalability, and service excellence. With shared resources, clients can expect more streamlined and efficient operations, enhancing their own business performance.
Industry Evolution: This acquisition reflects the ongoing transformation of the logistics industry, where consolidation is driven by the need to innovate, reduce costs, and meet growing e-commerce demands.
Increased Operational Synergies:
This acquisition will likely unlock a range of operational synergies. From optimizing warehouse operations to sharing fleet and freight forwarding assets, the combined entity can drive significant efficiencies in how logistics operations are managed. These efficiencies could translate into cost savings for customers, improved service levels, and more robust responses to supply chain disruptions
With this acquisition, the logistics sector is likely entering a new era defined by the combination of scale, technology, and sustainability. DSV's acquisition of DB Schenker isn’t just a strategic business move; it represents the future of global logistics—one where efficiency, environmental responsibility, and customer-centric innovation will define the winners.
I’m excited to see how this new chapter unfolds, and I’m looking forward to the new opportunities it creates for companies across industries.
What are your thoughts on this massive shift? How do you think it will impact global trade and logistics?
#DSV#DBSchenker#Logistics#SupplyChain#Acquisition#Innovation#Sustainability#Technology#Ecommerce#GlobalTrade
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