Mr. Edward Ryan reports

DESCARTES ACQUIRES ASD

The Descartes Systems Group Inc. has acquired Aerospace Software Developments (ASD), a leading provider of customs and regulatory compliance solutions.

Based in Ireland, ASD provides customs declaration software solutions for logistics services providers (LSPs) and shippers, as well as RFID (radio frequency identification) solutions that help the air logistics community track assets. The company's customs filing solutions, operating under the brand Thyme-IT, help importers, exporters and LSPs comply with Irish regulatory requirements for imports and exports in a secure and efficient manner. In addition, ASD's RFID solutions help global airlines and ground handlers eliminate manual tasks and comply with various airline regulations more efficiently through the unique identification, tagging and tracking of assets.

"Descartes' global logistics network (GLN) was built to help shippers, carriers and LSPs connect and collaborate to manage the complete life cycle of shipments," said Ken Wood, executive vice-president of product management at Descartes. "This combination with ASD is highly complementary to our current product footprint. ASD adds deep Irish customs domain expertise and a modern multicountry customs technology platform. We also see great synergies for the airline community by combining ASD's RFID-based solutions with Descartes' Core BLE real-time tracking platform."

"As customers increasingly look to cover more business processes with one provider, we continue to add solutions to the GLN for them to do so," said Edward J. Ryan, Descartes's chief executive officer. "ASD shares a common vision to serve the wider global logistics community of shippers, carriers and LSPs. We're excited to welcome the ASD employees, customers and partners into the Descartes family."

ASD is headquartered in Dublin, Ireland. Descartes arranged to acquire ASD for approximately 57 million euros ($61-million (U.S.)), with 54 million euros paid at closing from cash on hand, and the final arrangements for the transaction are expected to occur in Descartes's fiscal 2025 fourth quarter.

About The Descartes Systems Group Inc.

Descartes is the global leader in providing on-demand software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use its modular software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Its headquarters is in Waterloo, Ont., Canada, and it has offices and partners around the world.

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