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Descartes Systems Group Buys Portrix Logistics Software

05/10/2021 03:02

06:48 AM EDT, 05/10/2021 (MT Newswires) -- Descartes Systems Group (DSGX) has acquired Germany-based Portrix Logistics Software, which provides multimodal rate management solutions, for approximately 22 million euros ($26.8 million)

The buyout was funded with existing cash, the company said Monday. The acquisition boosts Descartes Systems' rate management capabilities.

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