Descartes Systems Group has acquired GreenMile, a provider of cloud-based mobile route execution solutions for food, beverage, and broader distribution verticals. GreenMile’s scalable mobile route execution solutions use a platform that incorporates machine-learning to continually improve service and travel time standards, the company says. GreenMile notes that its solutions are used by some of the world’s largest food and beverage companies to digitize final-mile delivery processes.
“The platform is complemented with advanced analytics and delivery performance management tools to provide managers in the field and corporate leadership with a comprehensive view of field operations,” Andrew Roszko, EVP of commercial operations for Descartes. “When combined with Descartes’ advanced route optimization tools, we believe it presents a compelling proposition to help distributors improve their final-mile delivery operations.”
GreenMile is headquartered in Orlando, Fla. Descartes acquired GreenMile for up-front cash consideration of $30 million, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $10 million, based on GreenMile achieving revenue-based targets over the first two years post-acquisition.
