Descartes Systems Group Acquires NetCHB
February 10, 2022
Descartes Systems Group acquired NetCHB, a Tucson-based provider of cloud-based customs filing solutions used by U.S. customs brokers and forwarders. The deal included $40 million in up-front cash plus up to $60 million of performance-based earn-out consideration and strengthens Descartes' customs-filing and e-commerce regulatory capabilities for its Global Logistics Network.
- Buyers
- Descartes Systems Group
- Targets
- NetCHB
- Industry
- Logistics & Distribution
- Location
- Arizona, United States
- Transaction Type
- Buyout
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