WiseTech Global Ltd (WTC.AX) Acquires Leading Taiwanese Forwarding and Customs Solutions Provider, Prolink
Global logistics software group, WiseTech Global (ASX:WTC) announced the acquisition of Prolink, a market leader in customs and forwarding compliance solutions in Taiwan. Prolink provides its automated customs compliance and forwarding solutions to over 350 corporations including DHL, UPS, Yamato, Morrison, Hellmann, Hankyu Hanshin, Dolphin, Evergreen, Pacific Star, THi, Leader-mutual, OEC and many of the largest logistics service providers in Taiwan and China.
WiseTech Global CEO, Richard White, said "Given Prolink's leading position in customs and forwarding solutions across Taiwan and their successful expansion into China and Hong Kong, we are pleased to welcome the Prolink team to the growing WiseTech Global family. Acquiring Prolink's competitive leadership, market knowledge and cross-border compliance expertise in Taiwan and China gives us additional regional strength to accelerate our growth throughout Asia."
"At WiseTech Global we are relentless about improving productivity, quality, speed, visibility, and manageability in the logistics industry. We will combine the on-the-ground logistics compliance expertise of Prolink with our own core technology, the Universal Customs Engine, to build out the next generation of border compliance for the Taiwanese logistics industry."
"As with our targeted acquisitions in Germany, Italy and Brazil earlier this year, and our recent Digerati transaction, we will be working with Prolink to substantially increase the timeliness, accuracy and completeness of logistics compliance execution solutions for all our customers to better manage costs, risks and the exponential increase in transactions at the border."
Prolink founder and President, Paul Lin, said "With the global strength of WiseTech now invested in Taiwan, Prolink will accelerate our innovation to improve our local and international customers' productivity and border compliance capability. We are excited to join together and grow together to deliver even better solutions for our customers."
Remaining under the leadership of President, Paul Lin, and General Manager, Glendy Guan, Prolink operations will be integrated within the WiseTech Global group. Prolink will continue to deliver its leading products in Taiwan and China and, over time, WiseTech's powerful global logistics execution platform, CargoWise One.
Across 125 countries, CargoWise One enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport and cross-border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.
Founded in 1996, Prolink is the leading software provider of forwarding and customs solutions to the logistics industry across Taiwan. Headquartered in Taipei with operations in Shanghai, Shenzhen and Fuzhou and a team of over 65 people, Prolink solutions cover customs compliance, freight forwarding, supply chain and specialist warehousing. Prolink provides solutions to DHL, UPS, Morrison, Yamato, Hankyu Hanshin, Dolphin, Evergreen, Pacific Star, THi, Leader-mutual, OEC and Hellmann and many of the largest customs brokerage and logistics providers in Taiwan and China.
For more information on Prolink please visit http://www.pllink.com
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