WiseTech Global completed the acquisition of MatchBox Exchange for $63m.

WiseTech Global, a developer of leading logistics execution software CargoWise, completed the acquisition of MatchBox Exchange, a provider of a breakthrough online open market platform for the reuse and exchange of shipping containers for $63m. “We welcome the MatchBox Exchange team to WiseTech Global. There are a huge number of containers moving around the globe at any one time with 862m TEU. MatchBox Exchange brings new digital capability to optimize the reuse of shipping containers to reduce unnecessary trucking trips, increase container utilization and improve productivity. This is a great example of true optimization by offering more than mere visibility, creating actionable data for end-to-end process optimization across the supply chain," Richard White, WiseTech Global Founder and CEO.