Descartes says purchase of German software company will help logistics service providers digitize their operations
Canadian logistics technology provider Descartes Systems Group keeps its foot on the accelerator to make acquisitions, announcing today that it has paid $ 26.7 million to purchase German software Portrix Logistics, a management solutions provider multimodal tariffs for logistics service providers (LSPs).
Hamburg-based Portrix says its Global Price Management (GPM) product allows users to manage routing, pricing, scoring and capacity allocation for global shipments. Portrix integrates this software with products such as customer relationship management (CRM), transport management and online booking platforms for customers, such as Kontainers by Descartes.
“Automated rate management tools are essential for banking service providers looking to digitize the customer experience,” said Henning Voss, co-founder of Portrix and now vice president of product management, rate management solutions at Descartes, in a press release. “As the digitalization momentum accelerates, the demand for our solutions continues to grow.”
The acquisition marks the latest move by Ontario-based Descartes to expand its portfolio since paying $ 36 million in March to purchase QuestaWeb, a company that provides customs compliance and trade zone solutions ( ZLE).
“The logistics industry is really seeing the benefits that digitalization and automation can offer,” said Edward J. Ryan, CEO of Descartes, in a statement. “LSPs that do not increase their investment in this part of their business risk struggling with higher service costs and a lower customer experience. Our investment in Portrix, combined with our recent investments in Kontainers and QuestaWeb, allows us to offer a truly differentiated end-to-end product for LSPs looking to digitize their operations with a pre-integrated solution. “