DSG:CC - Descartes acquires Supply Vision

• Descartes Systems ( NASDAQ: DSGX ) has acquired Supply Vision, a provider of shipment management solutions for North American Logistics Services Providers (LSPs).
• The company acquired Supply Vision for up-front consideration of ~$12M satisfied with cash on hand, plus potential performance-based consideration.
• The maximum amount payable under the all-cash performance-based earn-out is $3M, 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.
• Supply Vision is headquartered in Phoenix, Arizona and provides modular applications that help LSPs coordinate shipments, from quoting, routing and booking through to final delivery.

• “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,” said Scott Sangster, General Manager Logistics Services Providers at Descartes.

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