News Summary

Waterloo, Ontario-based Descartes Systems Group has acquired Columbus, Ohio-based 3Gtms for $164.4 million CAD. 3Gtms, a transportation management platform, enhances Descartes’ domestic transportation management capabilities by optimizing shipments via planning, rating, consolidation, and routing. This acquisition is part of Descartes’ strategy to expand its North American reach and integrate more logistics solutions. Descartes has been actively acquiring companies, including four in 2024, with 3Gtms being the latest. These acquisitions, including MyCarrierPortal and Sellercloud, demonstrate Descartes’ commitment to growing its logistics and supply chain software solutions. Descartes, listed on the Toronto Stock Exchange, continues to focus on connecting shippers, carriers, and logistics services efficiently.