The 2020 Mid-Year Economic Update_long

Descartes Acquires Customs Info

Customs Info provides trade data and research tools to multinational shippers.

Logistics provider Descartes Systems Group (TSX: DSG)(Nasdaq: DSGX), Waterloo, ON, has acquired Customs Info LLC, Salt Lake City, UT, a provider of trade data content to power global trade management systems and streamline global trade automation.

Customs Info provides comprehensive trade data and related research tools to more than 800 multinational shippers to reduce operating costs, improve customs compliance and accelerate supply chain speed.

Descartes acquired Customs Info for $41.5 million up front.

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