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New Deal


Announced

Completed

Descartes Systems Group completed the acquisition of OCR Services for $90m.

Financials

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Transaction Value£71m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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trade compliance

Private

Cross Border

Completed

Single Bidder

United States

Software

Acquisition

Majority

Friendly

Synopsis

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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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