Descartes Acquires GroundCloud
WATERLOO, Ontario, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired GroundCloud, a cloud-based provider of final-mile carrier solutions and road safety compliance tools.
- WATERLOO, Ontario, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired GroundCloud, a cloud-based provider of final-mile carrier solutions and road safety compliance tools.
- GroundCloud is a leader in final-mile logistics automation, combining operations, safety and compliance in an integrated platform.
- I’d like to welcome the GroundCloud customers, partners and team of domain experts to Descartes.”
GroundCloud is headquartered in Minneapolis, Minnesota. - Descartes acquired GroundCloud for up-front consideration of approximately $USD 138 million satisfied with cash on hand, plus potential performance-based consideration.