M&A Deal Summary

The Descartes Systems Group Acquires ASD

On April 22, 2024, The Descartes Systems Group acquired software company ASD for 61M USD

Acquisition Highlights
  • This is The Descartes Systems Group’s 19th transaction in the Software sector.
  • This is The Descartes Systems Group’s 5th largest (disclosed) transaction.
  • This is The Descartes Systems Group’s 1st transaction in Ireland.

M&A Deal Summary
Date 2024-04-22
Target ASD
Sector Software
Buyer(s) The Descartes Systems Group
Deal Type Add-on Acquisition
Deal Value 61M USD

Target

ASD

Dublin, Ireland
website
ASD provides customs declaration software solutions for logistics services providers (“LSPs”) and shippers, as well as RFID solutions that help the air logistics community track assets. The company’s customs filing solutions, operating under the brand Thyme-IT, help importers, exporters, and LSPs comply with Irish regulatory requirements for imports and exports in a secure and efficient manner. ASD was founded in 1996 and is based in Dublin, Ireland.

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Buyer(S) 1

Buyer

The Descartes Systems Group

Waterloo, Ontario, Canada

website

Category Company
Founded 1981
Sector Software
Employees1,334
Revenue 486M USD (2023)
DESCRIPTION

The Descartes Systems Group is a provider of on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. The Descartes Systems Group was founded in 1981 and is based in Waterloo, Canada.

DEAL STATS #
Overall 51 of 51
Sector (Software) 19 of 19
Type (Add-on Acquisition) 51 of 51
Country (Ireland) 1 of 1
Year (2024) 2 of 2
Size (of disclosed) 5 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-28 OCR

Rockville, Maryland, United States

OCR specializes in solutions and content for export compliance and controlled commodities, helping customers streamline and automate processes around denied party screening, license procurement/management, and product classification. Their core platform, GlobalEASE, is used by blue-chip, multinational organizations around the world to stay current in a rapidly changing regulatory environment. OCR is based in Rockville, Maryland.

Buy $90M
Mergr

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