M&A Deal Summary

The Descartes Systems Group Acquires PinPoint GPS Solutions

On August 22, 2018, The Descartes Systems Group acquired technology hardware company PinPoint GPS Solutions for 15M CAD

Acquisition Highlights
  • This is The Descartes Systems Group’s 1st transaction in the Technology Hardware sector.
  • This is The Descartes Systems Group’s 22nd largest (disclosed) transaction.
  • This is The Descartes Systems Group’s 4th transaction in Canada.
  • This is The Descartes Systems Group’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2018-08-22
Target PinPoint GPS Solutions
Sector Technology Hardware
Buyer(s) The Descartes Systems Group
Deal Type Add-on Acquisition
Deal Value 15M CAD

Target

PinPoint GPS Solutions

Mississauga, Ontario, Canada
PinPoint GPS Solutions, Inc. is a provider of fleet tracking and mobile workforce solutions. PinPoint helps its customers collect real-time location information on trucks and mobile workers using technology, including Geotab (telematics) and SkyBitz (trailer tracking). PinPoint GPS Solutions, Inc. was founded in 2005 and is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

The Descartes Systems Group

Waterloo, Ontario, Canada
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 34 of 54
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 34 of 54
State (Ontario) 3 of 4
Country (Canada) 4 of 5
Year (2018) 3 of 3
Size (of disclosed) 22 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 Velocity Mail

Centennial, Colorado, United States

Velocity Mail is an electronic transportation network that provides global air carriers with mail and parcel shipment scanning and tracking solutions. Velocity Mail automates the entire shipment process from route generation to accounting reconciliation, simplifying operational processes for the air carriers, ground handlers, and postal authorities. Velocity Mail is based in Centennial, Colorado.

Buy $26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Visual Compliance

Buffalo, New York, United States

Visual Compliance provides software solutions and services to automate customs, trade and fiscal compliance processes, with a focus on denied and restricted party screening processes and export licensing. Visual Compliance is based in Canada and serves over 2,000 customers with over 67,500 subscribers operating in over 100 countries.

Buy -
Mergr

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Company

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