WiseTech Global acquires Editrade S.A. to expand customs reach
The acquisition covers operations in Chile, Ecuador, Panama, and Mexico.
WiseTech Global has expanded its global customs capability by acquiring Editrade S.A., a South American provider of customs management software, in a move that strengthens its presence in Latin America.
The acquisition covers operations in Chile, Ecuador, Panama, and Mexico, enhancing WiseTech's CargoWise platform. Founded in 1995 and headquartered in Santiago, Chile, Editrade S.A. offers software solutions for customs management, serving customs agencies, BCOs, and companies involved in foreign trade across these countries.
The deal, made with private shareholders, aligns with WiseTech's strategy to broaden its reach in global customs operations. Customs agents and BCOs (beneficial cargo owners) use Editrade S.A.'s integrated suite of solutions to automate transactions, simplifying the flow of the customs management process to seamlessly manage import and export formalities. Editrade S.A. is being acquired from private shareholders.
Vlad Bilanovsky, Chief Execution Officer of WiseTech Global, commented, "We are excited to welcome Editrade S.A. to the WiseTech group as they bring such deep and trusted local expertise in customs compliance and processing across several Latin American markets: Chile, Ecuador, Panama and Mexico. This foothold investment will become part of the CargoWise global customs solution, bringing us even closer to our target of covering 90% of global manufactured trade flows, enabling large global freight forwarders to efficiently manage their end-to-end shipment process all within CargoWise."
The integration of Editrade S.A. will proceed under the leadership of Juan Enrique Ortuzar Elton, CEO of Editrade S.A. The company will continue to serve its existing customers while expanding its offerings with additional CargoWise solutions.
Ortuzar Elton remarked, "We have a shared vision to use automation to simplify customs processing and compliance for more efficient international trade for our customers. This move also brings a range of new career opportunities for our people – we are looking forward to our journey together."
