Descartes Systems Group has acquired MacroPoint LLC for approximately $110 million, satisfied with approximately $90 million in cash and $20 million in shares.
Cleveland, Ohio-based MacroPoint runs a connected network of more than 2 million trucking assets and drivers, connecting to trucks through integrations to on-board electronic logging devices (ELDs), transportation management systems, GPS-enabled smart phone applications and location-based mobile phone triangulation. MacroPoint uses this data to help transportation brokers, logistics service providers and shippers track the locations of deliveries in trucks. MacroPoint can also use this content to provide transportation brokers and shippers with predictive freight capacity to help identify early opportunities for additional freight moves.
“We believe that the combination of Descartes’ Global Logistics Network with our cloud-based, real-time load visibility platform creates a differentiated offering that helps customers research, plan, execute and monitor multi-modal shipments around the world,” said Bennett Adelson chief executive officer of MacroPoint.
“Descartes has a successful history of electronically connecting transportation providers to transportation brokers, logistics intermediaries and shippers to share data, automate processes, and run more efficiently,” said Edward J. Ryan, Descartes’ chief executive officer. “With this experience, we appreciate the unique value of a network-based business focused on the transportation industry with a track record of high revenue growth, high recurring revenues and profitability. We’re excited to have MacroPoint join the Global Logistics Network so that we can jointly deliver even more value to the logistics and supply chain community.”