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
Location
Arizona, United States
Transaction Type
Buyout

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