- Descartes Systems (DSG) has acquired GreenMile, a provider of cloud-based mobile route execution solutions
- GreenMile’s solutions are used by some of the world’s largest food and beverage companies to digitize final-mile delivery processes
- Descartes acquired GreenMile for C$30 million in cash, plus potential revenue-based consideration of up to $10 million
- Descartes Systems Group provides SaaS solutions to improve the productivity, performance and security of logistics-intensive businesses
- Descartes Systems (DSG) is down by 0.69 per cent and is currently trading at $86.54 per share
Descartes Systems (DSG) has acquired GreenMile, a provider of cloud-based mobile route execution solutions.
Based in Orlando, GreenMile serves the global distribution industry through a machine-learning platform that continually improves service and travel time standards.
The company’s solutions are used by some of the world’s largest food and beverage companies to digitize final-mile delivery processes, increase efficiency and improve customer satisfaction.
Descartes acquired GreenMile for C$30 million in cash, plus potential revenue-based consideration of up to $10 million over the first two years post-acquisition.
Edward J. Ryan, Descartes’ CEO, commented,
“We continue to invest in a broader set of capabilities to help our customers across diverse industry verticals solve their final-mile challenges. The GreenMile combination helps us by adding a team with deep domain expertise in retail food and beverage distribution, extending our operational footprint and presence in Latin America, and adding to our community of truly global distribution companies. We’re thrilled to welcome the GreenMile employees, customers and partners into the Descartes family.”
Descartes Systems Group provides SaaS solutions to improve the productivity, performance and security of logistics-intensive businesses.
Descartes Systems (DSG) is down by 0.69 per cent and is currently trading at $86.54 per share as of 9:31 am ET.
