We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Descartes pays $30 million to acquire delivery route planning vendor GreenMile

Descartes pays $30 million to acquire delivery route planning vendor GreenMile

Price tag could reach $40 million if firm hits revenue targets for its software products for retail food and beverage delivery.

greenmile-Screen-Shot-2021-07-08-at-3.56.15-PM.png
July 8, 2021
Supply Chain Quarterly Staff
No Comments

Canadian logistics technology provider Descartes Systems Group says it can help distributors improve their final-mile delivery operations, since the company announced its latest acquisition today and paid $30 million to buy GreenMile, which provides cloud-based mobile route execution solutions for the retail food and beverage sector.

Ontario-based Descartes has been on an acquisition tear for years, adding many companies to its software-as-a-service platform for tasks like delivery routing, shipment execution, transportation invoicing, global trade data management, and customs and security compliance.

Most recently, the company bought the German firm Portrix Logistics Software for $26.7 million and the New Jersey import/export firm QuestaWeb for $36 million.

The latest takeover is Orlando, Florida-based GreenMile, which says its software helps food and beverage companies to digitalize their final-mile delivery processes, thereby eliminating paper from the supply chain, increasing efficiencies, and improving customer satisfaction. The purchase price of $30 million could rise as high as $40 million if GreenMile meets performance targets for revenue generation over the next two years.

“We continue to invest in a broader set of capabilities to help our customers across diverse industry verticals solve their final-mile challenges,” Descartes CEO Edward J Ryan said in a release. “The GreenMile combination helps us by adding a team with deep domain expertise in retail food and beverage distribution, extending our operational footprint and presence in Latin America, and adding to our community of truly global distribution companies.”

Technology Trucking
KEYWORDS Descartes GreenMile
    • Related Articles

      Descartes spends $4 million to acquire route planning provider Foxtrot

      Kinaxis acquires supply chain planning software vendor MPO for $45 million

      Descartes adds to shipping software library with $65 million acquisition

    Recent Articles by Supply Chain Quarterly Staff

    Shippers and 3PLs strengthen ties as supply chain dynamics shift in 2023

    Pepsi exec highlights four key structural changes in the supply chain

    Supply chain visibility key to tackling resource scarcity

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Wabash opens trailer manufacturing facility in Indiana

    • Six defining challenges of omnichannel fulfillment

    • California bill would require large corporations to disclose their greenhouse gas emissions

    • Panorays extends risk management throughout the digital supply chain

    • Orchestrating the new, heterogeneous robot fleet

    Featured Video

    8757b894 244c 4429 b5d8 e6df7b479d82

    Penalties for Wood Packaging Material Violations

    Viewer Contributed
    Our Services Include: Customs Broker Denver Freight Forwarder Denver Global Logistics Denver Cargo Insurance Denver Customs Bond Denver Customs Clearance Denver Customs Duty Denver Isf Filing Denver More details: Phone : 281-445-9779 Email: info@gallaghertransport.com Website: gallaghertransport.com

    FEATURED WHITE PAPERS

    • A Brighter Future: How COVID-19 Continues to Change Freight Procurement Strategies for the Better

    • Five questions to ask before electrifying your indoor forklift fleet

    • Operator assist system myths busted

    • Three layers of forklift safety: Promoting operating best practices

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing