Descartes acquires Drivin for $30 million to expand logistics AI platform
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- Descartes Systems Group (NASDAQ:DSGX) acquired Drivin, a Latin American last-mile delivery platform, for about $30 million cash.
- The deal includes a potential $5 million earn-out tied to revenue targets through fiscal 2029.
- The acquisition expands Descartes’ AI-powered Global Logistics Network capabilities.
Descartes Systems Group (NASDAQ:DSGX) said it has acquired Drivin, a Latin American last-mile delivery management platform, in a cash transaction worth approximately $30 million.
The agreement also includes a potential additional $5 million earn-out based on revenue performance targets through fiscal 2029.
Descartes said the acquisition strengthens its Global Logistics Network and expands its AI-enabled logistics and delivery optimization capabilities.
Drivin provides software used to manage last-mile delivery operations, route optimization, and logistics tracking across Latin America.
The company said the deal enhances its ability to serve global supply chain customers with more integrated delivery solutions.
