WiseTech Global, Australia’s premier logistics software giant, has witnessed a surprising resurgence in its share price following the announcement that its embattled CEO and founder, Richard White, would step down but continue as a consultant. The decision comes after a tumultuous period marked by allegations related to White’s personal conduct, causing shares to plummet earlier […]
Australian Software company WiseTech Global has acquired Blume Global, a North American intermodal rail solutions provider, for $414 million. The transaction comes close on the heels of the acquisition of Envase Technologies by WiseTech. Blume Global manages intermodal containers and chassis on behalf of six of the 7 Class 1 US railroads, ocean carriers, and […]
WiseTech Global has acquired Blume Global, a California-based multimodal supply-chain orchestration software provider, for a consideration of $414 million. Blume Global has built a solution that facilitates intermodal rail across North America. The company is being bought from funds controlled by Apollo, EQT, and other minor shareholders, said WiseTech Global, which is an Australia-based company […]