Wiseway Group Expands US Footprint with KWT Acquisition

Wiseway Group Ltd. (AU:WWG) has released an update.

Wiseway Group Ltd., an Australian freight and logistics heavyweight, has announced the acquisition of KWT International Inc., a profitable US logistics firm with a strong presence in Los Angeles and New York. The deal, expected to close by August 2024, will see Wiseway Group’s subsidiary issue 49% of new shares to KWT’s shareholders and contribute USD200,000 in cash, boosting Wiseway’s US capabilities and market reach. CEO Roger Tong anticipates that this strategic move will significantly benefit shareholders and enhance the company’s global service offerings.

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