Descartes Acquires Drivin
Descartes Systems Group acquired Drivin, a Latin American last-mile delivery management platform, for approximately $30 million in cash upfront. The transaction includes a potential $5 million performance-based earn-out payable in fiscal 2029 and aims to expand Descartes' AI-powered logistics capabilities and data assets in the region.
Key figures
- Earn out max
- 5000000
- Upfront cash
- 30000000
AI analysis
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