Announced
Completed
Financials
Tags
Cross Border
Completed
software solutions
Acquisition
Private
Majority
Friendly
Single Bidder
United Kingdom
Software
Synopsis
Descartes, a provider of inter-enterprise software for the execution of supply-chain management, especially for delivery-intensive companies, completed the acquisition of Cracking Logistics, doing business as Kontainers, a provider of software solutions, for $12m. “We’ve worked very hard with some of the world’s top logistics companies to create an optimal digital customer experience. Our team of domain experts is thrilled to combine with Descartes, which will give us the opportunity to reach a broader audience much more quickly. When added to the Global Logistics Network, we’ll also have the ability to offer a pre-integrated solution that combines Kontainers digital freight execution with Descartes’ rate management and forwarder enterprise systems," Graham Parker, Kontainers Co-Founder.
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