Descartes to Acquire Integrated Export Systems

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Logistics software provider Descartes Systems Group said it has signed an agreement to purchase Integrated Export Systems Ltd. for about $35 million in U.S. dollars.

IES, with offices in New Jersey and Hong Kong, offers management software for freight forwars and customs brokers. The company also provides regulatory compliance services with a focus on shipments originating from Asia.

Descartes, Waterloo, Ontario, said Wednesday that it expects the transaction to close during its fiscal second quarter ending July 31.

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