Descartes Systems Group Acquires XPS Technologies

June 9, 2022

Descartes Systems Group acquired XPS Technologies, a Cottonwood Heights, Utah-based provider of cloud-based multi-carrier parcel shipping solutions, for approximately $65 million upfront plus up to $75 million in performance-based earn-outs. The acquisition expands Descartes' ecommerce shipping and fulfilment capabilities and brings XPS's network of more than 10,000 customers into Descartes' logistics SaaS portfolio.

Buyers
Descartes Systems Group
Targets
XPS Technologies
Industry
Transportation
Location
Utah, United States
Transaction Type
Buyout

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