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New Deal


Announced

Completed

Descartes completed the acquisition of ASD for $61m.

Financials

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Transaction Value£49m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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compliance solutions

Ireland

declaration software

software development

Software

Acquisition

Cross Border

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Descartes, a Canadian multinational technology company, completed the acquisition of Aerospace Software Developments, a provider of customs and regulatory compliance solutions, for $61m. "As customers increasingly look to cover more business processes with one provider, we continue to add solutions to the GLN for them to do so. ASD shares a common vision to serve the wider global logistics community of shippers, carriers and LSPs. We’re excited to welcome the ASD employees, customers and partners into the Descartes family," Edward J. Ryan, Descartes CEO.

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