Waterloo, Ontario, Canada-based Descartes Systems Group, a transportation management platform, has acquired XPS Technologies of Cottonwood Heights. XPS is a provider of e-commerce multi-carrier parcel shipping solutions.
XPS provides its cloud-based platform directly to small-, medium- and large-sized e-commerce shippers. It also provides a white-label shipping platform to logistics services providers. The XPS platform automatically imports orders, compares carrier rates, prints shipping labels for all major carriers and tracks parcels through final delivery.{mprestriction ids="1,3"}
“We remain committed to serving the e-commerce market and we believe that scale matters. Combining with XPS adds e-commerce domain expertise, advanced parcel shipping technology and a community of more than 10,000 customers,” said Andrew Roszko, executive vice president of commercial operations at Descartes. “Many of today’s small and medium e-commerce retailers will be the major enterprises of tomorrow, and our integrated e-commerce shipping and fulfilment solutions are designed to help these businesses through all phases of growth.”
“XPS complements our significant recent investments in the e-commerce fulfilment and shipping space,” said Edward J. Ryan, Descartes’ CEO. “We welcome the XPS customers, employees and partners to the Descartes community and, together, look forward to helping the community manage the full life cycle of domestic and international ecommerce shipments.”
Descartes acquired XPS for upfront consideration of approximately $65 million cash plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $75 million, based on XPS achieving revenue-based targets in each of the first two years post-acquisition.{/mprestriction}
