Global logistics solutions group, WiseTech Global, acquires LSP Solutions

WiseTech Global announced the acquisition of LSP Solutions (LSP), a leading provider of customs and warehouse management solutions in the Netherlands.

Headquartered in Ede, the LSP offering includes customs compliance management solutions, bonded warehouse administration, contract logistics and warehouse management. LSP provide logistics solutions to customers including Damco, GEODIS, JCL Logistics, Vos Logistics, Hitachi Vantara, and many other organisations.

WiseTech CEO, Richard White, said “With Europe’s largest port and a well-established and dynamic trade flow, the Netherlands is a critical transport hub. Bringing LSP into the WiseTech group now deepens our reach in this important market which will benefit from the combined strength of WiseTech’s innovation capabilities, our CargoWise One supply chain execution platform, and LSP’s customs and warehouse management solutions.”

LSP Solutions Managing Director, Marco Pieplenbosch, said “For more than 20 years we have worked closely with our customers to provide highly effective, flexible products rich in functionality. With WiseTech Global’s powerful development capacity and global reach we look forward to accelerating our capabilities and better supporting our customers’ logistics operations with increased automation, improved productivity and mitigation of risks. Ultimately, our vision is that our customers will benefit from faster, safer and easier customs compliance and warehouse management.”

Remaining under the leadership of Marco Pieplenbosch and Erik Wilting, LSP operations will be integrated within the WiseTech Global group and LSP will continue to deliver its powerful logistics software solutions directly to its own customers, along with WiseTech’s integrated global logistics platform, CargoWise One.

CargoWise One enables logistics service providers to execute highly 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 customs and logistics solutions acquisitions in Belgium, Ireland, North America, Australasia, Italy, Germany, Brazil, and Taiwan, and is in line with WiseTech Global’s stated strategy of accelerating long-term organic growth through targeted, valuable acquisitions across new geographies and larger, globally capable adjacencies.