Descartes Acquires NetCHB - Modern Distribution Management

Log In

Descartes Acquires NetCHB

SaaS provider Descartes Systems Group announced it acquired NetCHB, a U.S. provider of customs filing solutions.
Mergers and acquisitions among industrial distributors and manufacturers rebounded in December after slowing down in the latter half of November.

Descartes Systems Group Inc., (TSX:DSG) (Nasdaq:DSGX) of Waterloo, Ontario, has acquired NetCHB, a leading provider of customs filing solutions in the U.S.

Descartes said it acquired NetCHB for “up-front cash consideration” of $40 million, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $60 million, based on NetCHB achieving revenue-based targets over the first two years post-acquisition, Descartes said.

Arizona-based NetCHB’s cloud-based platform is used by more than 700 customs brokers to connect to the U.S. Customs and Border Protection Automated Broker Interface to “electronically execute both fiscal customs declarations and security filings,” Descartes said.

“As the digitization of the logistics and supply chain industry picks up pace, we continue invest in complementary solutions that add depth and breadth to our Global Logistics Network (GLN),” said Edward J. Ryan, Descartes’ CEO. “NetCHB has a team of deep customs domain experts, scalable and robust technology solutions, and a large group of customers that will benefit from additional solutions available on the GLN to help them manage the lifecycle of shipments.”

Related Posts

  • Distributor of foodservice disposables and janitorial and sanitation products has acquired Millennium Packaging & Distribution.

  • Mergers and acquisitions among industrial distributors and manufacturers rebounded in December after slowing down in the latter half of November.

    The Pennsylvania manufacturer of electronic instruments and electromechanical devices acquired a provider of gas and…

  • Beacon fy 2021 4Q sales

    Roofing material and building products distributor says acquisition will strengthen its presence in Midwest markets.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.