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Descartes Systems Group (NASDAQ: DSGX) (TSX: DSG), Waterloo, Ontario, has acquired the businesses run by the Management Systems Resources Inc. group of companies operating under the Visual Compliance, eCustoms and MSR (collectively, Visual Compliance). Descartes previously announced the signing of the definitive agreement to acquire Visual Compliance on January 28, 2019.
The purchase price for the acquisition was CAD $330 million (US$250 million), including working capital acquired. Visual Compliance is primarily based out of Toronto, Ontario, with a supporting office in Buffalo, NY.