WiseTech Global (ASX:WTC) today announced the acquisition of CMS Transport Systems (CMS), a leading provider of integrated road transport and logistics management systems across Australia and New Zealand.
CMS provides its flagship Transport Management System (TMS), Freight 2020, to over 130 corporations including ABC Transport, SRT Logistics, McColls Transport, Richers Transport, Cahill Transport, Secon Freight Logistics, K&S Group, Greyhound Freight, John L Pierce Transport and many large road and freight transport houses in Australia and New Zealand.
WiseTech Global CEO, Richard White, said "With the explosion in e-commerce driving exponential growth in 'fast mile' transport volumes, speed and complexity, the mounting margin pressures, regulatory burden and demand for land transport logistics services requires deep integration, automation and order-of-magnitude increases in productivity to address the challenges."
"WiseTech Global has been investing research and development resources into machine learning, natural language processing, robotic process automation and guided decision tools. We will be working with the talented CMS team and our customers as we progress our Land Transport and integrated Telematics development pipeline for the next generation of road and freight solutions."
CMS Managing Director, Robert Mullins, said "Joining WiseTech, the market leader with scale and capacity to accelerate innovation, allows us to combine our vision and deliver on a product roadmap utilising CMS's decades of road freight industry knowledge. Their resources and technology will enable us to take integrated land transport solutions to a new level resulting in a profound and positive impact on our customer base, the Australian road freight industry and ultimately road freight logistics internationally."
Remaining under the leadership of Managing Director, Robert Mullins, and General Manager, Grant Walmsley, CMS operations will be integrated within the WiseTech Global group. The CMS team will continue to deliver its flagship product, Freight 2020 in Australia and New Zealand and, over time, WiseTech's global logistics execution platform, CargoWise One.
WiseTech Global CEO, Richard White said "As with our targeted acquisitions in Germany, Italy, Brazil and Taiwan earlier this year, and our recent Digerati transaction, bringing CMS into the WiseTech group accelerates our ability to improve the timeliness, accuracy and completeness of logistics solutions for our customers to better manage complexity, growth, costs and regulatory burden. Each new geography and adjacency we acquire adds a valuable point on our strategic map, accelerates the network effects and makes CargoWise One even more compelling to local and global logistics providers and their customers."
Across 125 countries, CargoWise One enables the execution of highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport and cross-border compliance and for logistics service providers to manage their operations on one database across multiple users, functions, countries, languages and currencies.
About CMS Transport Systems
CMS Transport Systems Pty Ltd (CMS) is an Australian-owned business with a 35-year history of providing integrated transport and logistics solutions to the Australian market for domestic and international customers including ABC Transport, SRT Logistics, McColls Transport, Richers Transport, Cahill Transport, Secon Freight Logistics, K&S Group, Greyhound Freight, John L Pierce Transport and many of the largest road and freight transport houses in Australia and New Zealand.
The CMS team is headquartered Melbourne with 20 staff and their flagship SaaS cloud enabled product is Freight2020, a leading Transport Management System designed exclusively for the Australian and New Zealand road freight transport industry covering operations management, workforce, fleet maintenance, warehousing and compliance for heavy haulage, general freight, container freight, contract logistics, earthmoving, energy distribution and livestock transport.
For more information on CMS and Freight2020, please visit http://transportsystems.com.au/
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