- Descartes Systems Group (DSG) has acquired Supply Vision
- US-based Supply Vision is a provider of shipment management solutions for North American logistics services providers (LSPs)
- Descartes acquired Supply Vision for up-front consideration of approximately $US12 million, satisfied with cash on hand, plus potential performance-based consideration.
- Descartes Systems Group provides on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses
- The Descartes Systems Group Inc. opened trading at C$91.35
Descartes Systems Group (DSG) has acquired Supply Vision.
Supply Vision is a provider of shipment management solutions for North American logistics services providers (LSPs).
US-based Supply Vision has a long history of helping LSPs digitize their operations and manage the life cycle of shipments. It provides modular applications that help LSPs coordinate shipments, from quoting, routing and booking through to final delivery.
In addition, the Supply Vision platform integrates with real-time visibility solutions, such as Descartes MacroPoint, to provide LSPs and their end customers with enhanced information about shipment status and location.
“The momentum for digitization in the LSP community continues to accelerate,” noted Scott Sangster, General Manager, Logistics Services Providers at Descartes.
“In order to efficiently meet customer demand while operating profitably, LSPs need to invest in solutions that automate processes across multiple parties and leverage real-time information that improves decision-making,” he added.
“The Supply Vision acquisition complements our recent investments in QuestaWeb, Kontainers and Portrix as we look to broaden our footprint for LSPs,” stated Edward J Ryan, Descartes’ CEO.
“We’re looking forward to working with the Supply Vision customers, partners and team of domain experts to continue to help LSPs digitize their operations and manage the lifecycle of shipments in a secure, efficient and sustainable manner,” he added.
Descartes acquired Supply Vision for up-front consideration of approximately $US12 million, satisfied with cash on hand, plus potential performance-based consideration.
The maximum amount payable under the all-cash performance-based earn-out is $3 million, based on Supply Vision achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2025 and fiscal 2026.
Descartes Systems Group provides on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses.
The Descartes Systems Group Inc. opened trading at C$91.35.