Tuesday, November 5, 2024

WiseTech Global acquires Singeste for Portugal expansion

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WiseTech Global, the developer of logistics execution software CargoWise, has acquired Singeste – Sistemas de Informática, Lda (Singeste), a leading developer of IT solutions for the customs sector in Portugal. Founded in 1986 and headquartered in Seixal in the Lisbon Metropolitan Area, Singeste’s flagship solution, GIDWin, communicates directly with Portugal’s Tax and Customs Authority to facilitate and optimise customs processes for customs brokers and freight forwarders, says an official release from WiseTech. “Singeste’s customers include international freight forwarders and shippers that operate in Portugal such as DHL, FedEx, UPS, MSC and Expeditors.”

Vlad Bilanovsky, Chief Execution Officer, WiseTech Global says: “Singeste brings three decades of experience and technical expertise in meeting the customs needs of Portugal and the European Union that will become available as part of the CargoWise global customs solution.This acquisition further confirms our relentless commitment to developing a truly global customs platform, the value of which is confirmed as more large global freight forwarders increase their use of our CargoWise global customs capability. With the addition of Portugal, our global customs system will cover more global manufactured trade flows, taking us closer to our 90 percent target.”

Pedro Bacelar, CEO, Singeste adds: “By joining WiseTech Global, we not only have the opportunity to make GIDWin available to CargoWise customers doing business in Portugal, our customers will also be able to access CargoWise’s customs and compliance capabilities in other countries, simplifying customs processing for international trade. We also look forward to offering other CargoWise modules to our customers over time. I’ve long had an ambition to develop customs compliance in multiple countries and am excited to work with the WiseTech team on this revolutionary global project.” Singeste’s operations will be integrated within the WiseTech Global group and remain under the current leadership of Bacelar.

Singeste will continue to deliver its solutions directly to its customers and offer other CargoWise solutions over time, the release added.

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