Hola Taric: WiseTech Global acquires Spanish IT firm
09 / 08 / 2018
Logistics solutions group WiseTech Global has continued its expansion strategy with the acquisition of Taric, a customs management solutions provider headquartered in Madrid, Spain.
Taric offers a range of customs management solutions, including regulatory and tariff services, consultancy, training, process control and documentation management solutions to carriers, customs brokers and logistics providers.
Taric’s customers include Geodis, DB Schenker, DSV, XPO Logistics, Daimler-Benz, Grupo Correos, UPS, and the European Commission.
WiseTech Global’s founder and chief executive, Richard White, said: “Strengthening our presence across manufactured global trade routes is a central part of our growth strategy and Spain is a key European market for us.
“In joining the WiseTech Global family, the powerhouse Taric team bring Spanish customs capability, and tariff and regulatory expertise across Europe where its customs classification services have been widely used.
“With its strong track-record of bringing together highly specialised expertise in cross border trade operations, and developing innovative software solutions, Taric is a good fit for WiseTech Global.”
White said that the two companies will expand their footprint in Spain and Europe as well as future development in Spanish-speaking Latin America “to deliver high-productivity customs management solutions that improve our customers’ operations in key trade flows”.
White added that the Taric team can also accelerate the European development of the WiseTech's global BorderWise solution and “extend customs and compliance capabilities for our recent acquisitions of leading freight forwarding solution providers, Forward and Softcargo, who together cover 16 countries in Latin America.”
Taric’s co-founder and managing director, Guillermo Salafranca, said: “Having provided customs management solutions and consultancy for over 30 years to what is a very dynamic trading region, we’re looking forward to taking this significant step forward for Taric.”
Remaining under the leadership of Salafranca, and co-founder and technical director, Enrique Miret, Taric’s operations will be integrated within the WiseTech group. Taric will continue to deliver its customs software solutions directly to its own customers, along with WiseTech’s flagship platform, CargoWise One.
This transaction follows WiseTech’s other recent logistics solutions acquisitions in Argentina, Australasia, Belgium, Brazil, Canada, France, Germany, Ireland, Italy, the Netherlands, North America, Taiwan, Turkey, and Uruguay.
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