Descartes Systems Group (TSX: DSG) (Nasdaq: DSGX), a Waterloo, Ontario, Canada-based company which specializes in uniting logistics-intensive businesses in commerce, acquired 3GTMS, a Columbus, OH-based provider of transportation management solutions, for approximately US $115M.
With the acquisition, Descartes will expand its offerings.
3G provides transportation management solutions that combine modern cloud architecture, an expansive carrier network, and planning-driven automation to help customers improve costs, customer satisfaction, and efficiency. Shippers, third-party logistics providers and freight brokers leverage its platform to optimize domestic over-the-road shipments with tools for planning, rating, consolidation, and routing that cover the entire shipment lifecycle.
Led by CEO Edward J. Ryan, Descartes provides on-demand, software-as-a-service solutions focused on improving the productivity, security, and sustainability of logistics-intensive businesses. Customers use its modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the collaborative multimodal logistics community.
FinSMEs
27/03/2025