Descartes acquires Core transport technologies
Descartes Systems Group has acquired Core Transport Technologies NZ (Core), an electronic transport network that provides global air carriers and ground handlers with shipment scanning and tracking solutions.
Core has been connecting commercial airlines, ground handlers and the wider logistics community with trading partners and government postal authorities around the world for more than ten years. Customers use Core’s network to accurately track international mail, parcel and cargo shipments as well as US domestic mail and parcel shipments.
Descartes acquired Core for an up-front consideration of USD 21 million, plus a potential performance-based consideration. “The Core acquisition complements our recent investment in Velocity Mail, helping us to better serve the logistics service provider community working with postal authorities around the world," said Ken Wood, EVP of product management at Descartes. (mw)