VCC Acquires Indonesian Integrated Logistics Player

  Published on 17 April, 2018

VCC Acquires Indonesian Integrated Logistics Player

  Published on 17 April, 2018

VCC Acquires Indonesian Integrated Logistics Player

  Published on 17 April, 2018

VCC Acquires Indonesian Integrated Logistics Player

  Published on 17 April, 2018

VCC Expanded Global Footprint into Indonesia, Enlarging Global Network of CamelONE Nodes to 14 Countries

Apart from VCC’s current office in Singapore, Kenya (Nairobi) and China (Shanghai), VCC has expanded it’s global footprint into Indonesia (Jakarta) by acquiring a 60%-stake in Indonesian integrated logistics player, PT Gatotkaca Trans Systemindo (GTS), increasing VCC’s CamelONE deployment to 14 customs nodes globally.

Through GTS, VCC intends to accelerate its efforts to automate customs declaration in Indonesia, which has a population of 260 million and recorded US$300 billion worth of trade in 2017. VCC’s CamelONE platform revolutionises e-logistics by enabling digitalised data exchange of cargo and financial information for stakeholders in trade, logistics and supply chain sectors, simplifying cross-border trade.

VCC’s CamelONE deployment in Indonesia will link to the existing CamelONE network, allowing stakeholders to seamlessly transmit data across the 14 countries through its unified platform which connects governments, businesses and consumers. Complementary service providers such as insurance companies and financial institutions, are able to offer value-added services like cargo insurance and trade finance through the CamelONE platform.

Mr Desmond Tay, CEO of VCC, commented, ““This acquisition in Indonesia marks a major milestone which is in line with our strategy to form a Digital Silk Road. With a strong presence along global trade arteries, VCC is well-positioned to digitalise global trade as stakeholders move towards fully transparent paperless transactions.”

Read more in the press release by clicking here