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New Deal


Announced

Completed

WiseTech Global completed the acquisition of Shipamax.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Completed

Friendly

Cross Border

automation software

Acquisition

Majority

automation platform

Private

Auto Technology

United Kingdom

Synopsis

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WiseTech Global, a global provider of logistics software, completed the acquisition of Shipamax, an operator of a data-entry automation platform. Financial terms were not disclosed. “Since founding Shipamax in 2016, our mission has been to make data entry automation simple and accessible. Using Shipamax, businesses can drastically reduce their data entry costs. More importantly, it delivers the vizibility, speed and process improvements that are required in today’s world. By joining the WiseTech Global team, we’re scaling our business via an unparalleled, native integration to the CargoWise platform as well as WiseTech’s large, loyal customer base. We’ll supercharge value to our existing customers through an increased focus on innovation and product development towards full digitalization of document flows," Jenna Brown, Shipamax CEO.

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