Descartes(DSGX) Newsfilter·2025-03-25 11:00Core Insights - Descartes Systems Group has acquired 3GTMS for approximately US $115 million, enhancing its transportation management capabilities for shippers and logistics service providers [1][3][4] - 3GTMS offers modern cloud-based transportation management solutions that improve costs, customer satisfaction, and efficiency for domestic over-the-road shipments [2][3] - The acquisition expands Descartes' carrier network in North America, particularly in truckload, less-than-truckload (LTL), and parcel modes, providing a comprehensive solution for logistics management [3][4] Company Overview - Descartes is a leader in providing software-as-a-service solutions aimed at improving productivity, security, and sustainability for logistics-intensive businesses [4] - The company operates a collaborative multimodal logistics community, offering various services including shipment planning, tracking, and customs documentation [4] Acquisition Details - The acquisition of 3GTMS was financed using cash on hand, with legal and financial advisory support from Gibson, Dunn & Crutcher LLP and Lincoln International LLC for 3GTMS, and Morgan, Lewis & Bockius LLP and Centerview Partners LLC for Descartes [3]