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INTTRA buys Avantida

Shipping software platform INTTRA has announced that it has acquired Avantida, a Belgian-headquartered provider of empty container management technology for ocean carriers, to extend its business into the landside container logistics sector.

{mprestriction ids="1,2"}Avantida’s core business is in digitised automated container reuse and repositioning. INTTRA says that industry estimates of empty container positioning costs to the ocean shipping industry can be up to $20 billion a year, making up approximately 40 per cent of handling costs, making this a sector that could derive significant benefit from the application of technology.

“Avantida, an industry leader in digitised container logistics, has products and customer bases that are highly complementary to those of INTTRA. Acquiring Avantida advances our strategy of extending our reach into the intermodal value chain, enabling INTTRA to better serve our customers,” said INTTRA’s CEO, John Fay.

“With cutting-edge, cloud-based technology and a unique business model, Avantida enhances efficiency and delivers substantial value to carriers, shippers, and other landside transport companies. I am very pleased to welcome Avantida’s team to the INTTRA family and I am confident that they will continue to execute on their mission supplemented by INTTRA’s resources.”

Avantida will operate as an INTTRA-owned company, with customers continuing to use the same sales and service contacts. Terms of the transaction were not disclosed.{/mprestriction}

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