Descartes buys US group in big shipment management boost

Descartes Systems Group has announced that it has acquired US-based Supply Vision, a key provider of shipment management solutions for North American logistics services providers (LSPs). A global leader in uniting logistics-intensive businesses in commerce with a major presence in Europe, Middle East & Africa region, Descartes acquired Supply Vision for up-front consideration of £12 million satisfied with cash on hand, plus potential performance-based consideration.  The maximum amount payable under the all-cash performance-based earn-out is £3 million, based on Supply Vision achieving revenue-based targets in each of the first two years post-acquisition.

Any earn-out is expected to be paid in fiscal 2025 and fiscal 2026. Headquartered in Phoenix, Arizona, the Supply Vision has a long history of helping LSPs digitise their operations and manage the lifecycle of shipments. It provides modular applications that help LSPs coordinate shipments, from quoting, routing and booking through to final delivery.

The Supply Vision platform also integrates with real-time visibility solutions, such as Descartes MacroPoint, to provide LSPs and their end customers with enhanced information about shipment status and location. "The momentum for digitization in the LSP community continues to accelerate," remarked Scott Sangster, the General Manager Logistics Services Providers at Descartes.  "In order to efficiently meet customer demand while operating profitably, LSPs need to invest in solutions that automate processes across multiple parties and leverage real-time information that improves decision making.

We see an opportunity to combine the Supply Vision capabilities with the Global Logistics Network and make even more solutions available for the wider LSP community," stated Sangster.

Descartes' CEO Edward J Ryan pointed out that the Supply Vision acquisition complements its recent investments in QuestaWeb, Kontainers and Portrix, as the group looks to broaden its footprint for LSPs.

"We're looking forward to working with the Supply Vision customers, partners and team of domain experts to continue to help LSPs digitize their operations and manage the lifecycle of shipments in a secure, efficient and sustainable manner," he added.-TradeArabia News Service