Comment / On the wires: Living the dream no more as WiseTech hits another low

Money bag and wooden blocks with the word Fair. Balance. Fair value pricing, money debt. Fair deal. Reasonable price. Justified risk. Honest loan. Secured loans.

08/01/2020

“Global logistics solutions group, WiseTech Global, today announced the acquisition of SISA Studio Informatica SA (SISA), a leading customs and freight forwarding solutions provider in Switzerland.” WiseTech Global (WTC), 8 January 2020.

First thing first: the deal “consolidates our considerable geographic foothold in customs clearance and border compliance”, the acquirer said. Uh-ho.

Here is my quick take: after announcing a bolt-on deal in South Korea (!) last month aimed at offering deeper cross-border compliance solutions – that one did not came unexpected but ...