Descartes adds last-mile tech in latest deal
Descartes announced Monday that it has acquired Santiago, Chile-based last-mile solutions provider Drivin for $30 million. The post Descartes adds last-mile tech in latest deal appeared first on FreightWaves.
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Descartes Systems Group announced Monday that it has acquired Latin American last-mile logistics tech provider Drivin for $30 million. Santiago, Chile-based Drivin’s delivery platform provides advanced routing, dispatching and real-time visibility using machine learning and agentic AI.
A news release said the service has been widely adopted across high-density urban areas, where service expectations are consistently rising. “Drivin brings a proven and highly adaptable solution for managing complex last mile operations,” said James Wee, general manager of fleet performance management solutions at Descartes.
“It also has a significant volume of last mile logistics data and operational metadata generated from real-world delivery execution across Latin America to improve AI training and execution, predictive analytics, and optimization.” The deal was satisfied with cash on hand.
The sellers can earn up to $5 million in additional consideration if certain revenue targets are met. Descartes (NASDAQ: DSGX) acquired Pittsburgh-based fleet safety solutions provider Idelic for $28 million in April. Idelic’s platform combines monitoring, reporting and training into a single platform.
The system is backed by a comprehensive dataset that includes more than 400,000 accident reports and over 40 billion miles of driving data. “Latin America represents a growth market for Descartes and for the broader logistics technology industry,” said Descartes CEO Ed Ryan.
“Drivin complements our existing fleet performance management offering, expands our reach in Latin America, and adds experienced leadership and deep domain expertise to help accelerate innovation, adoption and customer success across the Descartes Global Logistics Network.” Shares of DSGX were down 1. 1% on Monday at 10:33 a. m.
EDT compared to the S&P 500, which was up 0. 6%. More FreightWaves articles by Todd Maiden: June manufacturing data supportive of LTL demand Prologis presses Segro after $16. 6B offer rejected Yellow Corp. escapes WARN Act payouts The post Descartes adds last-mile tech in latest deal appeared first on FreightWaves.
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This briefing is based on reporting from Freightwaves. Use the original post for full primary-source context.
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