Descartes acquires MacroPoint
Will pay some $107 million for the software firm; approximately $87 million in cash along with $20 million in shares.
Descartes Systems Group has acquired MacroPoint, an electronic transportation network providing location-based truck tracking and other services.
Descartes said it will pay some $107 million for MacroPoint, broken down with approximately $87 million in cash and $20 million in shares. The share consideration is subject to a 12 month hold period, with 50% of the share consideration required to be held for at least 18 months. capacity data content, the company said.
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Source:: http://fleetowner.com/telematics/descartes-acquires-macropoint
