Descartes Systems to Expand Latin America Reach with $30M Drivin Acquisition

Dow Jones07-06 19:18

DesCartes Systems Group is acquiring Chile's Drivin for $30 million, expanding its footprint in the Latin American market.

The Waterloo, Ontario-based logistics technology business said Monday that the up-front consideration will be paid with cash on hand, as well as up to $5 million of potential performance-based consideration.

Drivin uses machine learning and artificial intelligence to optimize routes, manage dispatch and track shipments in real time. The software is designed for distributors, retailers and logistics providers, it said.

DesCartes Chief Executive Edward Ryan said that Drivin complements its existing fleet performance management offering, and expands its reach into Latin America, bringing in experienced leadership and expertise.

"Latin America represents a growth market for Descartes and for the broader logistics technology industry," Ryan said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

July 06, 2026 07:18 ET (11:18 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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