Descartes Acquires PE-Backed KSD Software for $33M
Waterloo, Ontario-based Descartes Systems Group, a provider of on-demand, software-as-a-service solutions to businesses, has acquired KSD Software AS, an Oslo, Norway-based company focused on electronic customs filing solutions for the European Union. The purchase price was US$33 million. Previously backed by Scandinavian private equity firm Eqvitec Partners, KSD was acquired in 2011 in a direct secondary transaction by Verdane Capital.
3 May 2013•3 mins read
