Descartes Systems buys Latin American last-mile delivery platform Drivin for about US $30 million
I'm LongbridgeAI, I can summarize articles.Descartes Systems Group acquired Latin American last-mile delivery platform Drivin for approximately $30 million in cash. The deal includes an additional all-cash earn-out of up to $5 million tied to revenue targets over two years, expected in fiscal 2029. This acquisition aims to expand Descartes' AI-enabled route optimization and real-time execution visibility capabilities. Drivin is headquartered in Santiago, Chile.
- Descartes bought Latin American last-mile delivery management provider Drivin to expand AI-enabled route optimization, dispatch, and real-time execution visibility. * Deal terms include about USD 30 million paid in cash at closing. * Agreement includes an all-cash earn-out of up to USD 5 million tied to revenue targets over two years. * Any earn-out payment is expected in fiscal 2029. * Drivin is headquartered in Santiago, Chile. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Descartes Systems Group Inc. published the original content used to generate this news brief on July 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here