Descartes buys MacroPoint for $107 mln, SGE becomes investor
Descartes Systems Group (TSX: DSG) has acquired MacroPoint LLC, a Cleveland, Ohio-based freight visibility platform for shippers, brokers and third-party logistics providers. Descartes paid about US$107 million for the company is a cash-and-stock transaction. Waterloo-based Descartes, a provider of software-as-a-service solutions to logistics-intensive businesses, said the deal expands its global logistics network with connections to more than 2 million trucking assets. MacroPoint was backed last year with a US$44 million investment by Susquehanna Growth Equity (SGE), a U.S. private equity firm. As part of the deal, SGE has become a Descartes shareholder.
15 August 2017•4 mins read
