Komgo SA buys GlobalTrade Corporation
1 December 2022 – Komgo SA, the Geneva based commodity trade finance blockchain platform has acquired Canada-based GlobalTrade Corporation (GTC).
Jointly, the two companies provide trade finance digitalization solutions to over 120 multinational clients and over 11,000 subsidiaries, connecting them to their financial institutions and trade service providers.
Komgo, whose shareholders are corporate and financial players and include ABN Amro, BNP Paribas, Citi, Consensys, Crédit Agricole, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, MUFG, Natixis, Rabobank, SGS, Shell, SMBC, Société Générale and Total, develops products to streamline the often paper-intensive commodity trade finance process. Komgo has offices in Seoul, Singapore, Geneva, London, New York and Houston.
Walder Wyss advised Komgo in this transaction. The team was led by Patrick W. Vogel (Partner, Corporate/M&A) and included Camille Tistounet (Associate, Corporate/M&A), Alexander Sorton (Associate, Corporate/M&A) and Fouad G. Sayegh (Partner, Tax Law).