WISETECH Global announced today (9 August) that it had acquired Taric, a customs management services company based in Spain.
Taric offers a range of customs management solutions including regulatory and tariff services, consultancy, training, process control and documentation management solutions to carriers, customs brokers, logistics providers, multinationals and public institutions.
WiseTech Global founder and CEO Richard White said strengthening the company’s presence across manufactured global trade routes is a central part of its growth strategy, and Spain is a key European market.
“In joining the WiseTech Global family, the powerhouse Taric team bring Spanish customs capability, and tariff and regulatory expertise across Europe where its customs classification services have been widely used,” Mr White said.
“With its strong track-record of bringing together highly specialised expertise in cross border trade operations, and developing innovative software solutions, Taric is a good fit for WiseTech Global.”
Mr White said Taric brings strategic value to the WiseTech group, as the Taric team could also accelerate the European development of its BorderWise solution and extend customs and compliance capabilities for recent acquisitions of other freight forwarding software companies focussed on Latin America.
“Together we will expand our footprint in Spain and Europe and our future development in Spanish-speaking Latin America to deliver high-productivity customs management solutions that improve our customers’ operations in key trade flows,” he said.
Taric co-founder and managing director Guillermo Salafranca said: “Having provided customs management solutions and consultancy for over 30 years to what is a very dynamic trading region, we’re looking forward to taking this significant step forward for Taric. We are excited to join WiseTech, a company with strong global innovation capabilities, which will help us scale up our customs management solutions in Europe and globally.”
Remaining under the leadership of Mr Salafranca, and co-founder and technical director Enrique Miret, Taric’s operations will be integrated within the WiseTech group and Taric will continue to deliver its customs software solutions directly to its own customers, along with WiseTech’s flagship platform, CargoWise One.