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Dual-Listed Descartes Systems Group Acquires Germany-Based Portrix Logistics Software

05/10/2021 03:17

07:07 AM EDT, 05/10/2021 (MT Newswires) -- Descartes Systems Group (DSG.TO, DSGX) said Monday that it has acquired Hamburg, Germany-based Portrix Logistics Software for about 22 million euros (US$26.8 million) in cash.

Portrix operates Global Price Management, which is used by logistics services providers for global shipment routing, pricing, rating and capacity allocation management.

"Portrix's solutions integrate with key systems that need fast, accurate, and complete shipping and pricing options, including CRM, transportation management, and customer-facing online booking platforms, such as Descartes Kontainers," Ontario-based Descartes Systems said.

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