Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
12/30/2013 1:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Descartes Acquires 2 European Firms

Descartes Systems Group, a Waterloo, Ontario-based logistics software provider, has acquired Impatex Freight Software Limited, a freight forwarding company based in the United Kingdom, and Compudata, a supply chain integration provider in Switzerland.

Descartes acquired Impatex with an all-cash purchase price of 5.1 million British pounds, about $8.3 million, and Compudata with an all-cash purchase price of 16 million Swiss francs, about $17.9 million, Descartes reported.

Impatex brings more than 200 freight forwarder customers to Descartes' network, with the majority in the U.K.

"Impatex strengthens Descartes' customs and regulatory compliance platform with additional functionality and a broader set of services for the U.K. market,” Descartes CEO Edward Ryan said in a statement.

Compudata's network serves a community of trading partners, and the company will bring more than 500 customers to Descartes, with the majority in Switzerland.

"Descartes is establishing itself as the global network for communities collaborating on logistics and supply chain processes. The addition of Compudata's solutions and community to our logistics technology platform is another important step on this journey,” Ryan said.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement