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Logistics software firm WiseTech Global has entered into an agreement to acquire Opentecnología, a customs and logistics technology business specialising in customs solutions tailored for the Colombian market.
WiseTech, which owns popular cargo management system CargoWise, said the acquisition would help expand its customs capability in Latin America.
Opentecnología enables importers and exporters to efficiently comply with their customs, tax, and fiscal obligations, ensuring the secure generation and transmission of electronic documents.
Vlad Bilanovsky, chief executive, WiseTech Global, said: “I am impressed with Opentecnología’s local customs and compliance software capability and an expert team who bring deep domain experience in both customs requirements and software development.
"Colombia is an important nearshoring option for the US and a key market for many of the large global freight forwarders who already use CargoWise.
"By becoming part of the CargoWise global customs solution, large global logistics service providers will be able to significantly improve the efficiency of managing the end-to-end shipment process in and out of Colombia, all within CargoWise.
“With the LATAM region’s growing importance in international trade, we continue to invest in customs footholds across the region as part of our goal for WiseTech’s global customs platform to cover 90% of global manufactured trade flows.”
WiseTech pointed out that Colombia has the fourth-largest economy in Latin America, and the third-largest population.
Opentecnología’s operations will be integrated within the WiseTech Global group and remain under the current leadership of Alex Gordillo and Sandra Guerrero.
The deal is subject to conditions and approvals.
Last week, Air Cargo News reported that four board members had resigned from their roles at Australian logistics software firm WiseTech over the future role of founder Richard White.
