WiseTech swoops on Canadian Customs technology provider
08 / 06 / 2018
Software firm WiseTech Global has acquired Fenix Data Systems, a customs management solutions provider in Canada that has deals with several air cargo players.
Fenix offers a range of cloud-enabled customs compliance solutions including Customs Self Assessment functionality and CBSA direct connection.
Its customers include DHL Express, Farrow, ITN Logistics, Swissport Cargo Services, and many other logistics providers and organisations.
WiseTech Global founder and chief executive Richard White said: “Border security, tariffs and cross-border clearances into and out of the US are a critical compliance component.
"Fenix brings deep customs and border technical expertise, with a specialised focus on cross-border road and rail movements, into the WiseTech Global group adding further expertise, volume and strength to our US Canada cross-border solution.”
This transaction follows WiseTech’s other recent logistics solutions acquisitions in France, Belgium, Ireland, North America, Australasia, Italy, Germany, Turkey, the Netherlands, Argentina, Brazil, Uruguay and Taiwan, and is in line with its strategy of accelerating long-term organic growth through targeted, valuable acquisitions
Fenix’s founder and managing director Randy Snyder added: “Joining a global leader like WiseTech will help us further develop and implement next-generation customs solutions. The combined strength of our organisations will help make customs and cross-border compliance management in Canada much more efficient for our customers.”