News / Digital freight platform Kontainers bought for $12m by Descartes Systems

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By Alex Lennane

11/06/2020

Kontainers, a digital freight platform, has been bought by Descartes Systems Group for $12m.

The deal includes up-front cash of $6m – based on satisfying revenue targets in the next two years – plus potential performance-based additions. Any earn-out will be payable in fiscal 2022 and 2023.

UK-based Kontainers’ platform offers quoting, booking, tracking and dashboard analytics, and also helps enable API for logistics service providers with rate management and back-office systems.

“We’ve worked very hard with some of the world’s top logistics ...

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Topics

Descartes Descartes Systems Group Digitisation Kontainers M&A

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