Add-on Acquisition • Software

The Descartes Systems Group Acquires ASD

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

Acquisition Context
  • This is The Descartes Systems Group’s 19th transaction in the Software sector.
  • This is The Descartes Systems Group’s 7th largest (disclosed) transaction.
  • This is The Descartes Systems Group’s 1st transaction in Ireland.

Explore All 10284 Add-on Acquisition Software Deals - Search the Database Free


M&A Deal Summary

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

Target Company

ASD

Dublin, Ireland
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.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

The Descartes Systems Group

Waterloo, Ontario, Canada

Category Company
Founded 1981
Sector Software
Employees1,334
Revenue 651M USD (2025)
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 Context for Buyer #
Overall 51 of 57
Sector: Software 19 of 22
Type: Add-on Acquisition 51 of 56
Country: Ireland 1 of 1
Year: 2024 2 of 5
Size (of disclosed) 7 of 37
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 BoxTop

Windsor, United Kingdom

BoxTop is a provider of shipment management solutions for small- to mid-sized logistics services providers (“LSPs”). LSPs use the BoxTop platform to manage the secure and efficient movement of goods from quoting through to routing, booking, and final delivery. BoxTop was founded in 1995 and is based in Windsor, England.

Buy $13M

Explore Related M&A Activity