WiseTech Global acquires Canadian customs solutions provider Fenix
June 08, 2018: Global logistics software group WiseTech Global has acquired Fenix Data Systems (Fenix), a leading customs management solutions provider in Canada. The Ontario headquartered customs solutions provider offers a range of cloud-enabled customs compliance solutions including Customs Self Assessment functionality and CBSA direct connection.
As part of this acquisition deal, Fenix’s operations will be integrated within the WiseTech Global group. Remaining under the leadership of Fenix’s founder and MD Randy Snyder, Fenix will continue to deliver its customs software solutions directly to its own customers, along with CargoWise One.
CargoWise One enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, tracking, land transport, ecommerce, and cross-border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.
Randy Snyder said: “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.”
Fenix’s customers include DHL Express, Farrow, ITN Logistics, Swissport Cargo Services, and many other logistics providers and organisations.
Richard White, founder and CEO, WiseTech Global 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.