Freightos Acquires Shipsta
August 19, 2024
Freightos, the public global digital freight booking platform, has acquired Luxembourg-headquartered Shipsta to add multimodal tender and contract procurement capabilities to its spot pricing, quoting, and booking offering. The deal is being financed with cash (~€4.5m) and equity (approx. 640,000 Freightos shares) and is intended to expand Freightos' product capabilities, accelerate revenue growth, and increase total addressable market.
- Buyers
- Freightos
- Targets
- Shipsta
- Industry
- Logistics & Distribution
- Location
- Luxembourg
- Transaction Type
- Buyout
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