Descartes Acquires Infodis
Adds European Logistics Community and Transportation Management Capabilities to Descartes' Logistics Technology Platform
WATERLOO- Descartes Systems Group acquired Infodis B.V., a leading Netherlands-based provider of software-as-a-service (SaaS) transportation management solutions.
Infodis provides a rich, functional transportation management network-based solution that handles specific European logistics requirements. The solution manages both inbound and outbound purchased transportation for more than 5 million shipments per year to and from Europe, with particular strength in Europe/Asia Pacific shipping.
"Logistics is a global business where local considerations play a key role in the efficiency of logistics operations," said Edward Ryan, Chief Commercial Officer at Descartes. "By combining with Infodis we not only add critical European domain expertise and functionality to our existing Transportation Management suite, we also welcome many European and Asia Pacific carriers and shippers to our logistics community."
Through the acquisition, more than 200 carriers in Europe and Asia, and some of the world's leading high-tech companies, will be connected to Descartes' Logistics Technology Platform, where more than 35,000 trading partners connect and collaborate to improve logistics operations. By making Infodis' technology available on the Logistics Technology Platform, Descartes customers can access a broader range of European-focused transportation management capabilities as well as new functionality, such as CO2 emission calculations.
"Descartes continues to look to combine with market leaders that share a similar philosophy and culture of serving customers," said Arthur Mesher, Descartes' Chairman and CEO. "Infodis, like Descartes, has been successful in working with global category-leaders by focusing on delivering customer results. We look forward to helping our collective customers improve the productivity, performance and security of their logistics operations."
Infodis is headquartered in Woerden, the Netherlands, and provides international transportation management solutions to some of the world's leading high-tech companies, including Philips, Sony, and Canon. The all cash purchase price for the acquisition was EUR 3.0 million (approximately USD $3.7 million at June 4, 2012), with Descartes acquiring approximately EUR 0.4 million in working capital (approximately USD $0.5 million at June 4, 2012).