Descartes Systems Group Acquires GroundCloud
February 14, 2023
Descartes Systems Group acquired GroundCloud, a Minneapolis-based provider of final-mile carrier SaaS solutions that combine route execution, safety/compliance and video telematics. The deal involved approximately $138 million in up-front cash plus an earn-out of up to $80 million tied to revenue targets.
- Buyers
- Descartes Systems Group
- Targets
- GroundCloud
- Industry
- Transportation
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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