Freightos Limited (CRGO) Acquires Shipsta

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Go back to Freightos Limited (CRGO) Acquires Shipsta

Freightos Acquires Shipsta, Expanding Comprehensive Digital Freight Procurement Solution

August 19, 2024 6:50 AM EDT

Strategic acquisition broadens Freightos' digital freight-booking vision by pairing Freightos' spot offering with Shipsta's best-of-breed tender management platform. Deal accelerates revenue growth and reaching breakeven with cash on hand.

BARCELONA, Spain, Aug. 19, 2024 /PRNewswire/ -- Freightos (NASDAQ: CRGO) today announced the acquisition of Shipsta, a leading freight-tender procurement platform used by dozens of Global 1000 enterprises to procure freight at scale from leading freight forwarders and carriers. This transaction expands Freightos' existing... More