The Globe and Mail reports in its Tuesday, April 23, edition that Descartes Systems Group said it has acquired Aerospace Software Developments in a deal worth about $83-million.
A Canadian Press dispatch to The Globe reports that under the transaction, Descartes will pay a total of about 57 million euros for the Dublin-based company.
Aerospace Software provides customs declaration software for logistics services providers and shippers.
The company also sells systems that help airlines track assets.
Descartes says the acquisition of Aerospace Software is highly complementary to its current product offerings.
Based in Waterloo, Ont., Descartes provides software for logistics-intensive businesses.
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