Descartes buying its holding organisation Cracking Logistics Limited in a deal worth $12m with an up-front consideration of $6m plus potential performance-based consideration.
Headquartered in Gateshead with operations in the UK and Ireland, Kontainers’ solutions facilitate a fully digital customer experience including quoting, booking, tracking and dashboard analytics for carriers, freight forwarders and third -party logistics service providers around the world. Descartes headquarters are in Waterloo, Ontario, Canada and it has offices and partners around the world.
“We have worked very hard with some of the world’s top logistics companies to create an optimal digital customer experience. Our team of domain experts is thrilled to combine with Descartes, which will give us the opportunity to reach a broader audience much more quickly. When added to the Global Logistics Network, we will also have the ability to offer a pre-integrated solution that combines Kontainers digital freight execution with Descartes’ rate management and forwarder enterprise systems,” said Graham Parker, co-founder of Kontainers and now VP of sales for Freight Digital Solutions at Descartes.
“The last few months have shown how quickly the world can change, and the shift to digitisation is accelerating as a result. Logistics services providers operate on tight margins. Those that don’t move quickly to digitise their customer experience will be faced with higher costs to serve,” commented Descartes ceo Edward Ryan.
“Without the proper real-time connections between client-facing platforms and the quoting, rating and booking systems that this digitisation brings, LSPs will struggle to efficiently meet customer demand in today’s dynamic market,” he added.
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