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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