Descartes Systems Group announced Tuesday that it has acquired Extensiv, a warehouse management and fulfillment tech provider, for $120 million. The deal follows Descartes' $100 million acquisition of Tai last week.
The acquisition was funded with cash on hand.
California-based Extensiv helps 3PLs with inventory management and order fulfillment. It uses AI tools to leverage its omnichannel data and enhance decision making for warehouse operators.
"3PLs are under constant pressure to fulfill faster, scale flexibly, and support the evolving needs of modern brands," said Mikel Richardson, general manager of ecommerce operations at Descartes. … "Extensiv strengthens that position by adding more participants, more contextually rich operational data and fulfillment intelligence to the Descartes Global Logistics Network."
Like the addition of Tai, a TMS provider to freight brokers, the Extensiv deal deepens Descartes' reach into the logistics services provider market. It also builds out its warehousing, inventory management and ecommerce fulfillment offerings.
#descartes #extensiv #provider #deal
The acquisition was funded with cash on hand.
California-based Extensiv helps 3PLs with inventory management and order fulfillment. It uses AI tools to leverage its omnichannel data and enhance decision making for warehouse operators.
"3PLs are under constant pressure to fulfill faster, scale flexibly, and support the evolving needs of modern brands," said Mikel Richardson, general manager of ecommerce operations at Descartes. … "Extensiv strengthens that position by adding more participants, more contextually rich operational data and fulfillment intelligence to the Descartes Global Logistics Network."
Like the addition of Tai, a TMS provider to freight brokers, the Extensiv deal deepens Descartes' reach into the logistics services provider market. It also builds out its warehousing, inventory management and ecommerce fulfillment offerings.
#descartes #extensiv #provider #deal
1 day ago
