Descartes Buys Utah-Based Customs Info for $41.5 Million
Salt Lake City, UT – The Ontario, Canada-based Descartes Systems Group, a Canadian supply chain information technology (IT) company, has acquired Customs Info LLC, a provider of trade data content to power global trade management (GTM) systems, for $45.1 million in cash and Descartes’ stock.
Headquartered in Salt Lake City, Utah, Customs Info provides trade data and related research tools to more than 800 multinational shippers in 160 countries.
The data the company provides populates global trade management systems with information on tariffs, duties, regulations, trade agreements, rules of origin, and other trade-related content.
In addition, Customs Info provides online global trade research tools, and “software as a service” (SaaS) classification systems to help shippers build and maintain complex classification databases for their worldwide operations.
Descartes operates a global logistics network used each day by more than 10,000 customers to share critical supply chain information to manage their trade flows.