WiseTech Global Limited (WTC.AX, WTCHF), a leading developer of logistics execution and supply chain technology, announced on Wednesday that it has entered into an agreement to acquire FRDM.ai. The deal is valued at $10 million in upfront cash and equity.
The transaction includes potential all-cash earn-outs totaling up to $14.31 million. The acquisition is scheduled to close on August 3.
Established in California in 2018, FRDM.ai specializes in AI-driven intelligence for supply chain risk and compliance. The company’s technology maps extensive supplier networks beyond primary vendors, providing real-time risk assessments. This platform allows businesses to monitor and mitigate various trade-related risks, including geopolitical instability, human rights concerns, and modern slavery issues through streamlined supplier data.
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