The Descartes Systems Group - M&A Summary and Business Overview

SoftwareCompany

The Descartes Systems Group M&A Summary

The Descartes Systems Group has acquired 53 companies, including 18 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset.

The Descartes Systems Group’s largest acquisition to date was in 2023, when it acquired GroundCloud for $138M. The Descartes Systems Group has acquired in 15 different US states, and 11 countries. The Company’s most targeted sectors include software (39%) and internet software and services (35%).

The Descartes Systems Group Business Overview

Where is The Descartes Systems Group headquartered?

The Descartes Systems Group is headquartered in Waterloo, Ontario.

What is The Descartes Systems Group’s revenue?

The Descartes Systems Group disclosed revenue of 486M USD for 2023 and 425M USD for 2022.

How many employees does The Descartes Systems Group have?

The Descartes Systems Group has 1,334 employees.

What sector is The Descartes Systems Group in?

The Descartes Systems Group is a software company.

When was The Descartes Systems Group founded?

The Descartes Systems Group was founded in 1981.

M&A Summary

  • M&A Total Activity53
    • M&A Buy Activity52
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 7
  • M&A Advisors 1

The Descartes Systems Group

The Descartes Systems Group, Inc.

120 Randall Drive ,
Waterloo, Ontario N2V 1C6
Canada,
(519) 746-8110
www.descartes.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.8/yr) # 38 3 2 3 3 3 52
vol $474M $60M $61M $44M $156M $164M $959M
Sell (0.0/yr) # 1 - - - - - 1
  53

Most Recent M&A

Company Date Value Type
BoxTop Technologies Ltd. 2024-06-11 13M USD Add-on Acquisition
Windsor, United Kingdom · www.boxtop.net
Aerospace Software Developments 2024-04-22 61M USD Add-on Acquisition
Dublin, Ireland · www.asd.ie
OCR Services, Inc. 2024-03-28 90M USD Add-on Acquisition
Rockville, Maryland · www.ocr-inc.com
Localz Pty Ltd. 2023-04-20 6M USD Add-on Acquisition
Melbourne, Australia · www.localz.com
GroundCloud 2023-02-14 138M USD Add-on Acquisition
Minneapolis, Minnesota · www.groundcloud.com
Supply Vision, Inc. 2023-01-06 12M USD Add-on Acquisition
Phoenix, Arizona · www.supply-vision.com
XPS Technologies LLC 2022-06-06 - Add-on Acquisition
Cottonwood Heights, Utah · www.xpsship.com
Foxtrot Ventures, Inc. 2022-04-21 4M USD Add-on Acquisition
Chicago, Illinois · www.foxtrotco.com
NetChb LLC 2022-02-10 40M USD Add-on Acquisition
Tucson, Arizona · www.netchb.com
Portrix Logistics Software GmbH 2021-05-10 25M EUR Add-on Acquisition
Hamburg, Germany · www.portrix-ls.de
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 20 (38%) 266M (28%) - -
Internet Software and Services 18 (35%) 475M (50%) 1 (100%) -
Information Technology 9 (17%) 202M (21%) - -
Business Services 2 (4%) 5M (1%) - -
Transportation 2 (4%) - - -
Technology Hardware 1 (2%) 11M (1%) - -
Total 52 $959M 1 -

By Geo

State/Country Buy Value Sell Value
United States 28 711M - -
  New Jersey 5 75M - -
  Ohio 3 118M - -
  Maryland 3 166M - -
  Utah 2 42M - -
  Pennsylvania 2 - - -
  Minnesota 2 138M - -
  California 2 2M - -
  Arizona 2 52M - -
  Washington 1 - - -
  Texas 1 6M - -
  New York 1 - - -
  Massachusetts 1 30M - -
  Illinois 1 4M - -
  Florida 1 53M - -
  Colorado 1 26M - -
United Kingdom 7 82M - -
Canada 5 45M 1 -
  Ontario 4 37M - -
  Quebec 1 8M 1 -
Australia 2 9M - -
Germany 2 35M - -
Netherlands 2 3M - -
Switzerland 2 - - -
Belgium 1 - - -
Ireland 1 61M - -
New Zealand 1 - - -
Norway 1 13M - -
Domestic 5 (10%) 45M (5%) 1 (100%) -
Cross-border 47 (90%) 914M (95%) - -
Total 52 $959M 1 -

Top M&A Advisors

Financial Deals
Triple Tree LLC
1

Deal Values

buy # Total
$100M to $1B 2 $245M
< $100M 32 $714M
TOTAL $959M
Largest GroundCloud
$138M (2023-02-14)

M&A Connections

Deals
Acquired from
Investor(s)
8%
4 (8%)
Strategic(s)
2%
1 (2%)
Divested to
Strategic(s)
100%
1 (100%)

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