Amber Road has acquired EasyCargo, a Shanghai-based global trade management solutions provider specializing in trade regulations in China.
EasyCargo provides automation to support the Chinese government’s regulations for an import regime called Processing Trade, which affects companies that import materials into China and use those components to manufacture finished goods for export. When properly administered, Processing Trade transactions are expect from import duties and value-added taxes on exports. EasyCargo supports more than 40 customers today, including Bosch, BMW, Continental Automotive and General Electric.
“Many of our existing North American and European-based customers do business with or in China, either as a source of supply, a manufacturing base or as a market for exports,” said Jim Preuninger, CEO of Amber Road, in a written statement. “Our acquisition of EasyCargo will enable us to offer deep China-specific trade capabilities to our existing customer base as well as access the growing Chinese market.”
EasyCargo’s in-house team that monitors and codifies Chinese trade regulations will be folded into Amber Road’s Global Knowledge team, while the rest of the EasyCargo employees will complement the software company’s engineering, professional services, customer support and business development staff.
“By adding our deep China trade management capabilities to Amber Road’s comprehensive GTM suite, we believe we can offer a complete solution to companies doing business in China and abroad,” said Kae-por Chang, CEO and founder of EasyCargo.