GT Nexus has taken over Metaship AG, a German provider of logistics management technology for importers, exporters and third-party logistics providers. The Hamburg-based operations will serve as the GT Nexus headquarters for Europe.
"We think Europe has tremendous growth potential and this acquisition positions us to take full advantage of the opportunity," says Aaron Sasson, CEO of GT Nexus, which is headquartered in Alameda, Calif. "Metaship has an impressive list of customers, an outstanding team and a technology that is complementary to the capabilities currently available on the GT Nexus portal. With this foundation in place, we are poised to grow rapidly in Europe."
Sasson says that advanced logistics technology in Europe is being driven not just by globalization and supply chain sophistication, but also by the changing regulatory environment and complex land transport networks. Customers increasingly recognize the power of network-based technology platforms like GT Nexus and Metaship, delivered on-demand, to address the challenges of global trade and logistics.
The combined suites of products is expected to deliver significant added value to customers both in Europe and abroad. GT Nexus's global transportation, visibility and supply chain finance capabilities, along with Metaship's rate management and road transportation products, create a complete, end-to-end solution that is in use at many of the world's biggest shippers today. But logistics providers will also benefit. Many major 3PLs are current customers of Metaship and the company's freight management system will be combined with GT Nexus's visibility and shipment execution services as a comprehensive global logistics management solution especially customized for the 3PL market.
The acquisition was completed in December 2007 and Metaship is now operating as GT Nexus Europe GmbH.
