Descartes Systems Group Acquires Kontainers
June 11, 2020
Descartes Systems Group acquired Cracking Logistics Limited (dba Kontainers), a UK-based provider of client-facing digital freight execution platforms. The consideration is up to $12.0 million (US$6.0 million up-front plus up to US$6.0 million in performance-based earnouts). Descartes will integrate Kontainers' digital freight platform with its Global Logistics Network to expand customer-facing and API-enabled capabilities for logistics services providers.
- Buyers
- Descartes Systems Group
- Targets
- Kontainers (Cracking Logistics Limited)
- Industry
- Logistics & Distribution
- Location
- Wiltshire, United Kingdom
- Transaction Type
- Buyout
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