Apr 22, 2024
Descartes Systems buys Aerospace Software Developments
The Canadian Press
"We're focused on becoming a leader in logistics and supply chain tech." Ed Ryan
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Descartes Systems Group said it has acquired Aerospace Software Developments in a deal worth about $83 million.
Under the transaction, Descartes will pay a total of about 57 million euros for the Dublin-based company.
ASD provides customs declaration software for logistics services providers and shippers.
The company also sells systems that help airlines track assets.
Descartes says the acquisition of ASD is highly complementary to its current product offerings.
Based in Waterloo, Ont., Descartes provides software for logistics-intensive businesses.
This report by The Canadian Press was first published April 22, 2024.
