Funding & dealsPreview
Descartes buys 3PL warehouse software maker Extensiv for about $120M
Logistics software group Descartes announced on September 1 that it has acquired Extensiv, a California provider of warehouse management and fulfillment software for third-party logistics providers, for about US$120 million in cash. Sellers whose 3PLs run Extensiv are indirectly affected.
The Descartes Systems Group announced on September 1 that it has acquired Extensiv, a California-based provider of warehouse management and fulfillment software for third-party logistics providers (3PLs), for approximately US$120 million, paid from cash on hand. The release describes the deal as completed.