Announced
Completed
Financials
Tags
trade compliance
Private
Cross Border
Completed
Single Bidder
United States
Software
Acquisition
Majority
Friendly
Synopsis
Descartes Systems Group, a company that provides inter-enterprise software for the execution of supply-chain management, especially for delivery-intensive companies, completed the acquisition of OCR Services, a provider of global trade compliance solutions and content, for $90m. “The OCR team brings a wealth of domain expertise in global trade compliance to Descartes, including experience leveraging artificial intelligence in the content management process. By adding OCR’s solutions and content to our Global Logistics Network, we see an opportunity to bring new functionality and enhanced content to our customers and partners around the world. With our combined solutions and team, we also see an opportunity to further penetrate markets in Europe and Asia," Andrew Roszko, Descartes Systems Group CCO.
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