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Swedish solutions provider Xware is to be acquired by Australian freight tech firm WiseTech Global for A$23.2m (US$16.3m).
The deal will see A$12m paid upfront in cash and the remaining A$11.2m paid as earn-outs “relating to business integration, strategic objectives and revenue performance”.
Last year messaging integration specialist Xware posted revenues of A$3.5m and an ebitda of A$1.4m, and counts Scandinavian freight forwarder Greencarrier Freight Services among a client list that also includes Sweden’s armed forces and Stockholm City Council.
WiseTech founder and ...
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