Descartes acquires Kontainers
Descartes Systems Group has acquired Cracking Logistics Limited dba “Kontainers”, a provider of client-facing digital freight execution platforms.
“We’ve worked very hard with some of the world’s top logistics companies to create an optimal digital customer experience,” said Graham Parker, co-founder of Kontainers and now VP sales digital freight solutions at Descartes.
“Our team of domain experts is thrilled to combine with Descartes, which will give us the opportunity to reach a broader audience much more quickly. When added to the global logistics network, we’ll also have the ability to offer a pre-integrated solution that combines Kontainers digital freight execution with Descartes’ rate management and forwarder enterprise systems.”
Kontainers is headquartered in the UK. Descartes acquired Kontainers for a total consideration of up to USD 12 million, with up-front consideration of USD 6 million, plus potential performance-based consideration. (mw)