The transaction involves an upfront cash payment from DesCartes’ existing reserves, with an additional $5 million tied to future performance milestones. Drivin’s platform leverages machine learning to assist distributors, retailers, and logistics providers with real-time shipment tracking and route optimization.
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DesCartes Systems Acquires Drivin for $30 Million
With a $30 million deal, Waterloo-based DesCartes Systems Group is securing a foothold in Latin America by acquiring the Chilean logistics firm Drivin. The move aims to integrate specialized AI-driven routing and dispatch technology into the Canadian company’s existing fleet management portfolio while tapping into a rapidly expanding regional market.
Chief Executive Edward Ryan noted that the acquisition brings both technical expertise and local leadership into the fold, positioning the company to better serve the Latin American logistics sector. By folding Drivin’s capabilities into its current operations, DesCartes seeks to scale its fleet performance management tools across a territory the company identifies as a critical growth engine for the broader industry.
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