WiseTech Global acquires logistics solutions company, Depot Systems
Aug 20, 2019: IT solutions provider WiseTech Global has acquired US-based logistics solutions company Depot Systems.
Ohio-based Depot Systems is a leading container yard/terminal management software provider in the US offering container yard management, and container maintenance and repair estimating. It has over 200 predominantly US-based depots and terminals as customers, including Container Maintenance Corp, Trac Intermodal, ContainerPort Group and XPO Logistics.
Richard White, founder and CEO, WiseTech Global said: “Depot Systems is highly regarded as the US leader in container yard management software with innovative products and significant container yard experience. Empty container yards are a vital but often overlooked part of the international supply chain and landside logistics, thus Depot Systems is a valuable addition to build further opportunities for our technology solutions.”
“Bringing Depot Systems into the group provides important synergies with our container optimisation solutions business Containerchain, which we acquired in April this year and brings large scale in container yard customers in the US. Together, this gives us better coverage and visibility into the container yard sector to solve the broader landside logistics issues. This will strengthen our powerful CargoWise One platform and help us drive long-term operational improvements for logistics providers.”
Wally Morris will continue to lead Depot Systems as the managing director.
He will continue to deliver container yard management solutions to its customers in the US and potentially to customers globally, who utilise CargoWise integrated supply chain execution solutions, along with WiseTech’s adjacent technology providers and new geographic regions within our global group.
Across 130 countries, CargoWise One enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, tracking, land transport, e-commerce, and cross-border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.