Core Transport Technologies acquired by Descartes Systems Group

By Richard Blank

New Zealand’s Core Transport Technologies, an electronic transportation network, has been acquired by the Canadian logistics firm, Descartes Systems Group.

Descartes announced in a press release that they have acquired Core for $21mn, with an extra $9mn tied to consideration of their performance.

In a statement, Core said that “by working together with Descartes, we look forward to building on our success by becoming part of a global organization with a similar focus, a broader set of solutions and greater resources.”


Ken Wood, EVP of Product Management at Descartes, said that “the CORE acquisition complements our recent investment in Velocity Mail, helping us to better serve the logistics service provider community working with postal authorities around the world.” That acquisition happened back in June, with the company paying $25.5mn for the Denver based electronic transportation network.

The acquisition then, will help with what Wood identifies as pressures within the industry: “As US domestic and international ecommerce continues to grow, more demands are being placed on carriers and their partners to deliver efficiently and report events in real-time.”

Descartes’ CEO, Edward J. Ryan, subsequently emphasised the role Core would play in combating those demands, saying “by combining with CORE, we’re strengthening our position in the growing domestic and global ecommerce market.”


Featured Articles

Top 10 female executives leading Japan's charge for change

As Japan pledges a 30% target for women executives at big firms by 2030, we spotlight 10 female corporate leaders blazing a trail in the country

Top 10 most valuable unicorns in China – phones to drones

Home to the world’s most valuable unicorn, not to mention the fastest growing, China may be trailing the US on numbers, but it is catching up – and fast

Top 10 fastest-growing energy companies in the APAC region

Business Chief takes a look at the top 10 fastest-growing energy companies in the APAC region, according to rankings from S&P Global Commodity Insights

Top 10 Chief Financial Officers in India

Corporate Finance

Top 10 largest companies Malaysia and the CEOs who helm them

Leadership & Strategy

5 high-profile CEO moves across Asia-Pacific this month

Leadership & Strategy