Mr. Edward Ryan reports

DESCARTES ACQUIRES DRIVIN

The Descartes Systems Group Inc. has acquired Drivin, a leading provider of last-mile delivery management solutions across Latin America.

Drivin enables distributors, retailers, consumer goods companies and logistics service providers to improve delivery performance with advanced route optimization, dispatch management and real-time execution visibility, enhanced by machine learning and agentic AI (artificial intelligence) capabilities. The platform is widely adopted in high-density urban environments, where logistics complexity and service expectations continue to increase.

"Drivin brings a proven and highly adaptable solution for managing complex last-mile operations. It also has a significant volume of last-mile logistics data and operational metadata generated from real-world delivery execution across Latin America to improve AI training and execution, predictive analytics, and optimization," said James Wee, general manager of fleet performance management solutions at Descartes. "The combination enhances our ability to serve distribution-intensive businesses around the world as they modernize and scale to meet customer expectations for faster, more reliable delivery experiences amidst growing urban congestion and complexity."

"Latin America represents a growth market for Descartes and for the broader logistics technology industry," said Edward J. Ryan, chief executive officer of Descartes. "Drivin complements our existing fleet performance management offering, expands our reach in Latin America, and adds experienced leadership and deep domain expertise to help accelerate innovation, adoption and customer success across the Descartes global logistics network."

Drivin is headquartered in Santiago, Chile. Descartes acquired Drivin for upfront consideration of approximately $30-million (U.S.), satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earnout is $5-million (U.S.), based on the combined business achieving revenue-based targets in the first two years postacquisition. Any earnout is expected to be paid in fiscal 2029.

About The Descartes Systems Group Inc.

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its global logistics network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and AI to manage last-mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance, and a variety of regulatory processes.

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