Descartes Systems Acquires 3GTMS For Approx. $115 Mln - Quick Facts

(RTTNews) - Descartes Systems Group (DSG.TO, DSGX) has acquired 3GTMS, a provider of transportation management solutions, for approximately $115 million. Based in the US, 3G's transportation management solutions combine modern cloud architecture, an expansive carrier network, and planning-driven automation to help customers improve costs, customer satisfaction, and efficiency.

"3G's solution footprint for freight in North America is highly complementary, bringing strong domestic transportation management functionality for truckload, less-than-truckload, and parcel modes. The acquisition also expands our carrier reach in North America, including the addition of a network of API-integrated LTL carriers," said Andrew Roszko, Chief Commercial Officer at Descartes.