WiseTech acquires Intris to extend logistics reach
February 13, 2018
Illinois-based logistics company WiseTech Global has acquired Intris, a Belgian provider of freight forwarding, customs and warehousing management systems.
Headquartered in Antwerp, Intris provides its integrated software and cloud-based services to users such as Panalpina World Transport, Bollore Netherlands, Rhenus, Gosselin Support Services, AML and other logistics services providers in Belgium and, more recently, the Netherlands. In addition Intris is the only Belgian integration partner for Inttra eVGM.
The Intris range includes Tris forwarding and warehouse software, which provides integrated data flows from order through to invoice, and the Tris customs management system, which offers full customs compliance functionality, direct customs and port interfaces to European inland terminals. Theses products provide process efficiency and productivity, and improve risk mitigation for logistics services providers.
“Bringing Intris into the WiseTech Global group is another step in deepening our reach and capacity in Belgium, one of Europe’s largest and most important trade gateways,” said WiseTech CEO Richard White. “We welcome the Intris team and management, as we value their deep industry experience and product development knowledge. We understand the complexities and challenges borne by logistics providers facing EU trade changes, growing transaction volumes and increasing cross-border compliance requirements. This transaction, as part of the continued expansion of our global footprint and broader pan-European capability, will, over time, build further capabilities and productivity for all our customers.”
Remaining under the leadership of managing director Patrick Van De Looverbosch, Intris operations will be integrated within the WiseTech group and Intris will continue to deliver its logistics software directly to its own customers, along with WiseTech’s CargoWise One integrated logistics platform.
“This is the logical next step for Intris, as we are currently transforming our operations and technologies to better support the market and our customers, with whom we will continue to partner closely,” said Van De Looverbosch. “With WiseTech’s global strength and significant innovation capacity invested locally, we will accelerate our drive to improve our customers’ forwarding, warehousing and customs management capability.”
CargoWise One lets logistics service providers execute complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport and cross-border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.
This transaction follows WiseTech’s other recent acquisitions in Ireland, North America, Australasia, Brazil, Taiwan and the Netherlands, and is in line with the company’s stated strategy of accelerating long-term organic growth through targeted acquisitions across new geographies and larger, globally capable adjacencies.