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Announced

Completed

Descartes completed the acquisition of Cracking Logistics for $12m.

Financials

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Transaction Value£9m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Completed

software solutions

Acquisition

Private

Majority

Friendly

Single Bidder

United Kingdom

Software

Synopsis

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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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