Descartes Systems Buys Compudata For $17.9 Mln Cash

(RTTNews) - The Descartes Systems Group Inc (DSGX) (DSG.TO), a transportation and supply chain management company for the logistics industry, Monday announced the acquisition of Compudata, for $17.9 mln, to enhance its European B2B supply chain integration solutions suite. Descartes Systems funded the deal using the existing line of credit.

Compudata brings in more than 500 customers to Descartes' Global Logistic Network. Compudata brings in more than 500 customers to Descartes' Global Logistic Network. Descartes Systems said this customer pool will present additional opportunities for trading partners to have an edge in business by receiving logistics information sooner.

Compudata also provides e-invoicing and e-archiving functionality for international trade and transportation transactions.

Commenting on the acquisition, Descartes said, "Our customers now have access to a broader scale and scope of document-critical functionalities that are key to moving goods. This can help them link critical elements and information in the supply chain, increase data accuracy and make the flow of goods more efficient."

Friday, DSGX closed at $13.01 on the Nasdaq.