Wednesday, April 4, 2012

Livingston International finalizes acquisition of customs and trade compliance services of JPMorgan Chase Bank, N.A.

April 2, 2012 - CHICAGO – Livingston International has finalized the acquisition of the customs and trade compliance services of the Global Trade business of JPMorgan Chase Bank, N.A., announced Livingston President and CEO Peter Luit.

This strategic acquisition includes the operations and technology of the former Vastera business, a global leader of customs and trade compliance solutions.  It builds on Livingston’s international trade expertise and offerings within the United States and Canada, while expanding its services to Mexico, Europe and Asia.

“In addition to accelerating our growth strategy,” said Peter Luit, “this highly complementary business gives us a very strong platform in import and export compliance management, developed for world-class companies headquartered in North America who do business globally.  The expert staff and unique technology we have acquired,” added Luit, “are vital to allow clients to realize cost savings and operational efficiencies while improving compliance with government regulations.
We are confident that our clients will benefit significantly from our deliberate focus on customs and trade compliance and our commitment to delivering first-class solutions.”

Livingston International provides customs brokerage and customs compliance services for many of the major importers and exporters in the pharmaceutical and medical devices industry, as well as manufacturers of telecommunications equipment; semiconductors and other electronics; motor vehicles and automotive parts; and agricultural, construction and mining equipment.

About Livingston

A leading North American customs broker, Livingston International also offers customs and international trade consulting services as well as international freight forwarding across North America and around the globe.  With its U.S. headquarters in Chicago, Livingston is a dominant customs broker along the U.S.-Canada border, with regional air/sea hubs in Los Angeles, New York and Norfolk, as well as a growing presence along the border with Mexico.  Livingston employs over 2,700 employees at more than 100 key border points, seaports, airports and other strategic locations in North America, Europe and the Far East.