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WebCargo: Israeli freight management company buys out Spanish competitor


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BY : Diego Gutiérrez | September Wed, 2016

Spanish freight management company WebCargo has been acquired by Israeli Freightos and together they have become leaders in their sector.

WebCargo es comprada por Freightos

WebCargo ha desarrollado un software para tránsitos aéreos y marítimos de todo el mundo, para optimizar la gestión logística. Su herramienta, WebCargoNet  permite acceder a todas las tarifas para envíos aéreos del mercado y envía cotizaciones a clientes en tiempo real. La startup tiene oficinas en Barcelona, Miami (EE.UU) y Shenzen (China).

WebCargo


Freightosis its competitor with Hong Kong-based Israel, which was created in 2012 and since 2012 has raised a total of $23.3M in 4 investment rounds, the last one in 2015. Freightos is more focused on land transport and has a platform that connects all players: customers, companies and freight forwarders.

The purchase of WebCargo is the first acquisition by the Israeli company, which will make it the largest company in the online freight management sector, a growing niche market in which new competitors are emerging.

Webcargonet se mantendrá como empresa independiente dentro de Freightos, y su primer objetivo es instaurar el 'ebooking' para la carga, como ya hacen otras empresas con los pasajeros.

Al final, el tiempo ahorrado para las empresas de transporte supone que el usuario final reciba su iPhone antes y por menos dinero.

Spain's online freight management sector receives backing from investors

Además de Webcargonet, en España  hay varias startups en este sector. Algunas de ellas  han recibido financiación por importes bastante elevados para una empresa española.

Packlinkfor example, founded in 2012, has received a total of $23.5M, the latest round was received in September 2015 and is already operating in Spain, Germany, France and Italy.

Icontainers is an online shipping management platform that has received a total of $8M from investors such as Kibo Ventures and Serena Capital. The last round was received in June 2016.

Foreign competitors see Spain as an opportunity for growth

In 2016 we have seen several Spanish companies being bought by their foreign competitors.

As we have already mentioned in previous posts, Privalia has been bought by Vente Priveé, Olapic by Monotype, the Red Fridge by Just Eat e.t.c

If you are thinking of buying or selling your company, please contact us. Baker Tilly has a team of experts in buying and selling technology startups at your disposal. Call + 34 946424142 or fill in the contact form.

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