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New Deal


Announced

Completed

Descartes Systems Group completed the acquisition of XPS Technologies for $75m.

Financials

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Transaction Value£60m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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parcel shipping

Private

Express Courier / Parcels

Majority

Cross Border

Acquisition

Completed

Friendly

Single Bidder

United States

Synopsis

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Descartes Systems Group, a Canadian multinational technology company, completed the acquisition of XPS Technologies, a provider of ecommerce multi-carrier parcel shipping solutions, for $75m. "XPS complements our significant recent investments in the ecommerce fulfilment and shipping space. We welcome the XPS customers, employees and partners to the Descartes community and, together, look forward to helping the community manage the full lifecycle of domestic and international ecommerce shipments," Edward J. Ryan, Descartes CEO.

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