The logistics solutions provider Descartes has acquired two companies in Europe in separate transactions, the company said Monday.
Descartes acquired U.K.-based Impatex Freight Software, a provider of electronic customs filing and freight forwarding solutions, for $8.3 million. The company also acquired Switzerland-based business-to-business supply chain integration and e-invoicing solutions provider Compudata for $17.9 million.
Impatex brings more than 200 freight forwarder customers to Descartes’ Global Logistic Network, with the majority of these in the UK, while Compudata brings 500 customers, most in Switzerland, onto the network.
“The European customs compliance market is characterized by a complex framework of member states, each with different regulations, languages, and systems. Transportation carriers, logistics intermediaries and shippers look to technology partners, like Descartes and Impatex, to manage this complex environment," Descartes said in a statement.
Regarding the Compudata acquisition, Descartes Chief Executive Officer Ed Ryan said, “Our customers now have access to a broader scale and scope of document-critical functionalities that are key to moving goods. This can help them link critical elements and information in the supply chain, increase data accuracy, and make the flow of goods more efficient.”
Descartes funded both acquisitions by drawing on its existing acquisition line of credit.