finance.yahoo.com

Descartes acquires Extensiv for $120 million to expand logistics tech

Descartes Systems Group logoDescartes Systems Group
Sig3.24Sen+4.61Env0.00Soc0.00Gov0.00

Descartes Systems Group agreed to acquire Extensiv, a warehouse management and fulfillment technology provider, for $120 million. The deal aims to strengthen the Descartes Global Logistics Network by adding more operational data and fulfillment intelligence for 3PLs, helping logistics service providers expand offerings and scale with a single technology platform.

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