Descartes Systems Acquires Aerospace Software Developments For $61M
Portfolio Pulse from Benzinga Newsdesk
Descartes Systems has acquired Aerospace Software Developments (ASD) for $61 million, aiming to enhance its customs and regulatory compliance solutions. The acquisition, paid from cash on hand, is expected to finalize in Descartes' fiscal 2025 fourth quarter.

April 22, 2024 | 11:02 am
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Descartes Systems' acquisition of ASD for $61 million is a strategic move to enhance its customs and regulatory compliance solutions.
The acquisition of ASD by Descartes Systems is a significant strategic move, likely to enhance Descartes' offerings in customs and regulatory compliance solutions. Given the financial stability indicated by the payment from cash on hand and the strategic fit of ASD into Descartes' business model, this acquisition is expected to have a positive short-term impact on Descartes' stock price. The deal's completion in the fiscal 2025 fourth quarter provides a clear timeline for integration and realization of potential synergies.
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