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The distributor of electrical and industrial products continues to blossom since its acquisition of Anixter International in 2020.
Descartes acquired GroundCloud for up-front consideration of approximately $138 million, satisfied with cash on hand.
The company will be reported within Seco, a division within Sandvik Manufacturing and Machining Solutions. 
The industrial PVF products distributor reported 4Q sales of $869 million, an increase of 27% compared to the same quarter in 2021.
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The assets include 7 retail locations and a recently expanded fill plant and specialty gas laboratory in the Dallas-Fort Worth area.
![OneSource Fullerton CA[43]](https://www.mdm.com/wp-content/uploads/elementor/thumbs/OneSource-Fullerton-CA43-scaled-riq179tnukwage9rtnrugrzrt9tc6lvkypqhqhgcsk.jpg "OneSource Fullerton CA[43]")
OneSource saw significant growth in each of its business segments in 2022.
Despite experiencing a decrease from total orders in 2021, the manufacturing technology industry still recorded its third-best year in 2022.
It's the fourth acquisition of 2023 for Envoy.
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