Manufacturing Industry
Deals point to supply chain convergence.(CORPORATE)
Manufacturing Business Technology, May, 2005
JPMorgan Chase Bank has finalized acquisition of Vastera, a supplier of global trade management solutions. The transaction's value was about $129 million. Vastera, which will now be known as JPMorgan Chase Vastera, reported 2004 calendar-year revenues of $84 million. In another deal, TradeBeam--which supplies on-demand solutions for order, ship, and settle for international shipments--is acquiring Open Harbor, an on-demand provider of compliance, landed cost, and import/export customs documentation solutions.
Beth Enslow, VP of enterprise research at Boston-based AberdeenGroup, says the acquisitions are leading indicators of the convergence of the global physical and financial supply chains. This emerging trend will help companies meet objectives and...
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