Descartes Systems Group Acquires Kontainers

June 11, 2020

Descartes Systems Group acquired Cracking Logistics Limited (dba Kontainers), a UK-based provider of client-facing digital freight execution platforms. The consideration is up to $12.0 million (US$6.0 million up-front plus up to US$6.0 million in performance-based earnouts). Descartes will integrate Kontainers' digital freight platform with its Global Logistics Network to expand customer-facing and API-enabled capabilities for logistics services providers.

Buyers
Descartes Systems Group
Targets
Kontainers (Cracking Logistics Limited)
Location
Wiltshire, United Kingdom
Transaction Type
Buyout

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