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
Location
Luxembourg
Transaction Type
Buyout

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