JPMorgan Chase & Co acquired Vastera, Inc. for $129 million, a transaction completed in April 2005, structured as Acquisition.
Vastera, Inc. operates in Treasury & Securities Services, is based in United States. Vastera was a provider of global trade management solutions and software. JPMorgan Chase acquired the company on April 1, 2005 for approximately $129 million. The purchase added automated import/export compliance and trade-services technology to JPMorgan's treasury and securities services offerings.
Strengthen JPMorgan's global trade management and trade-services capabilities.
Advisory firms were not disclosed for this transaction.