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

Exec interview: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best new books that will make you a better leader

From inspiring CEO memoirs to strategic guides, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better boss

5 Mins With: Jeff Li, founder and CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

Workplace special – the changing nature of the office

Leadership & Strategy

Meet Shanique Bonelli-Moore, DEI leader at Clorox


Forterro CEO Dean Forbes – inspirational leadership

Leadership & Strategy