Inttra, the world’s ocean shipping electronic marketplace, today announced that it has acquired Avantida, the European market leader in empty container management for ocean carriers. Avantida is headquartered in Belgium and currently conducts business in seven European countries, the company said in its press release.
Enhanced coordination of land and ocean container movements generates efficiencies and reduces costs, and inttra’s entry into landside container logistics will provide additional value for existing and new customers. Avantida’s core business – digitized, automated container reuse and repositioning – addresses a major challenge for ocean carriers, transport companies, terminals, depots, and other stakeholders. Industry experts estimate that empty container positioning costs the ocean shipping industry up to $20 billion a year, approximately 40 percent of handling costs.
Avantida will operate as an inttra-owned company and customers should continue to use the same sales and service contacts. Terms of the transaction were not disclosed.
About Inttra
Inttra is the largest neutral electronic software platform and information provider at the center of the ocean shipping industry. Connecting over 225,000 shipping professionals with more than 50 leading Carriers and 110 software alliance partners, Inttra streamlines the ocean trade process. Over 700,000 container orders are initiated on the inttra platform each week, representing approximately 25 percent of global ocean container trade.
About Avantida
Avantida is a European technology provider that assists in optimizing the handling of empty containers. The company’s reuse and repositioning applications provide actionable information that can minimize miles driven, increase container velocity, lower costs for carriers and transport companies, enable exporters to ship more efficiently, and reduce CO2 emissions as well as congestion at depots, ports and surrounding communities. Avantida’s platform currently serves Belgium, The Netherlands, Germany, France, Italy, Portugal and Spain.