Executive Briefings

Livingston International Wraps Up Acquisition of JPMorgan Chase Bank's Global Trade Unit

Livingston International has completed the acquisition of the customs and trade-compliance services of the Global Trade business of JPMorgan Chase Bank, N.A.

The deal includes the operations and technology of the former Vastera business, acquired by JPMorgan Chase in 2005. It will supplement Livingston's existing international trade offerings within the U.S. and Canada, while expanding services to Mexico, Europe and Asia. According to Livingston president and chief executive officer Peter Luit, the acquisition gives his company a strong platform in import and export compliance management, developed for companies based in North America. In addition to acting as a freight forwarder in North America and worldwide, Livingston offers customs brokerage, compliance and international trade consulting services. It specializes in trade moving across the U.S.-Canada border.

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The deal includes the operations and technology of the former Vastera business, acquired by JPMorgan Chase in 2005. It will supplement Livingston's existing international trade offerings within the U.S. and Canada, while expanding services to Mexico, Europe and Asia. According to Livingston president and chief executive officer Peter Luit, the acquisition gives his company a strong platform in import and export compliance management, developed for companies based in North America. In addition to acting as a freight forwarder in North America and worldwide, Livingston offers customs brokerage, compliance and international trade consulting services. It specializes in trade moving across the U.S.-Canada border.

Read Full Article