WISETECH Global has announced the acquisition of US-based logistics solutions company Depot Systems.
Depot Systems is a prominent container yard/terminal management software provider offering container yard management, container maintenance and repair estimating.
With its HQ in Ohio, Depot Systems has more than 200 predominantly US‐based depots and terminals as customers, including Container Maintenance Corp, Trac Intermodal, ContainerPort Group and XPO Logistics.
Depot Systems reports an average of more than 500,000 gate movements a month.
WiseTech Global Founder and chief exectuive Richard White, said Depot Systems was highly regarded as a leader in container yard management software.
“Empty container yards are a vital but often overlooked part of the international supply chain and landside logistics, thus Depot Systems is a valuable addition to build further opportunities for our technology solutions,” Mr White said.
“Bringing Depot Systems into the group provides important synergies with our container optimisation solutions business Containerchain, which we acquired in April this year and brings large scale in container yard customers in the US.”
Mr White said the acquisition would strengthen their CargoWise One platform and help drive long‐term operational improvements.
Depot Systems managing director, Wally Morris, said joining the WiseTech Global group presented “enormous opportunities” to accelerate product development and innovation in container yard logistics.
Depot Systems is to remain under the leadership of Wally Morris and continue to deliver container yard management solutions to US customers and potentially to customers globally who utilise CargoWise integrated supply chain execution solutions.
This transaction follows WiseTech’s other recent logistics acquisitions in South America, Australasia, Europe and Asia.