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Australia’s WiseTech Global has entered the merger and acquisition arena with an agreement to buy South Korean customs software provider Ready Korea.
The Sydney-headquartered logistics software developer is set to buy Ready Korea for A$13.2m in cash, followed by a further $700,000 “related to business and product integration, customs development, customer conversion and financial performance”.
Ready Korea provides cross-border compliance solutions that lodge electronic transactions to customs, including customs brokerage and refunds and Free Trade Agreement verifications, and bonded warehouse management.
It recorded revenue ...
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