Global logistics technology supplier CargoWise has announced that it has extended its reach into domestic logistics with the acquisition of transport and logistics software company TransLogix.
The deal will provide CargoWise with comprehensive domestic transport knowledge to complement its existing international logistics software expertise.
It is anticipated that the move will enable CargoWise to dramatically increase its level of research and development investment, while accelerating the creation of new software capabilities and expanding into new geographies.
CargoWise CEO Richard White said that the acquisition was a critical and significant step in growth plans for the company.
"The addition of the TransLogix domestic transport software skills to our platform will not only boost our business, it will give customers all aspects of freight operations door to door, road, rail, air and sea and across borders from a single global vendor," he explained.
TransLogix’s founder and CEO Anselm Waterfield will be assisting in the integration and transition of the business.