WATERLOO, Ont. – Logistics software company Descartes Systems Group (TSX:DSG) says it will pay US$35 million cash to buy Integrated Export Systems, Ltd. and IES Asia Ltd.
IES provides software to help freight forwarders, customs brokers and others manage their businesses.
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The deal, which is subject to customary closing conditions, is expected to close during Descartes’ second quarter which ends July 31.
The acquisition announced Wednesday follows a deal by Descartes last week to buy Infodis B.V., a Dutch software company, for euro3 million.
Descartes software is used to help transportation and logistics companies manage their businesses,
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