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Wakeo Acquires LKW WALTER technology, Expanding its Supply Chain Visibility Solution
Paris, France – June 20th, 2024 – Wakeo, a leading provider of real-time supply chain visibility solutions, is delighted to announce the acquisition of Veroo Software, a LKW WALTER cutting-edge platform specializing in road transportation management and predictive analytics. This strategic acquisition will further enhance Wakeo's capabilities, offering a more comprehensive and integrated solution to its customers.
Accelerate Road Capabilities and Strengthen Footprint in the DACH Region
The transport monitoring software has proved its excellent performance with its technical robustness and is notably used by LKW WALTER, one of the European leading transport organizations in Europe with an annual volume of more than 1.7 million FTL on the road and in combined transport.
Leveraging this technology, Wakeo will be able to further enhance its road transportation capabilities on both full road and pre/on carriage of multimodal overseas logistics.
“We are thrilled about the acquisition of Veroo Software. This marks a significant milestone in our mission to deliver the most comprehensive and advanced supply chain visibility solutions. Combining our technologies will unlock new potentials for our customers, driving efficiency and innovation in their logistics operations," said Julien Cote, CEO at Wakeo.
“LKW WALTER is proud to have developed a completely neutral digital solution with Veroo. This acquisition is a tremendous opportunity to further advance supply chain visibility technology. We believe that Wakeo's innovative approach and robust platform will take transport visibility to the next level, benefiting a wider range of customers and industries," said Vincent Beaufils, Chief Digital Officer of LKW WALTER.
About Wakeo
Wakeo is a global leader in bringing real-time visibility to multimodal transport flows. By leveraging intelligent analytics and predictive capabilities, the platform empowers businesses to boost operational excellence and improve customer satisfaction.
Wakeo operates transport flows in over 180 countries and is trusted by renowned freight forwarders, such as CLASQUIN, CEVA Logistics, Blue Water Shipping, Berger Logistik, Fracht Group, as well as shippers across various industries such as Michelin, Corteva, Uniqlo, Hilti, Air Liquide, Groupe Seb, Forvia Faurecia, B Braun.