Descartes (DSGX) Acquires Aerospace Software Developments
DSGXDescartes(DSGX) Zacks Investment Research·2024-04-23 22:26

Descartes Systems (DSGX) recently announced the acquisition of Aerospace Software Developments (“ASD”). DSGX paid approximately €57 million ($61 million) to acquire ASD, a deal settled with €54 million paid upfront from DSGX’s cash reserves. The acquisition is projected to be completed in DSGX’s fourth- quarter fiscal 2025. Based in Dublin, Ireland, ASD is a software company that builds mission-critical applications based on modern RFID technology, specifically engineered for the Aerospace and Aviation mark ...