WiseTech Global, the creator of the logistics execution software CargoWise, has announced the acquisition of Blume Global, a provider of intermodal rail solutions in North America.
WiseTech Global bought US-based Blume for US$414 million from funds managed by Apollo, EQT and other minority shareholders
According to the statement, Blume is a high-growth recurring revenue company that is predicted to produce revenues of US$65-US$70 million in FY24, indicating yearly growth of 45% to 55%. Blume also...