The Descartes Systems Group Inc. (TSX:DSG) acquired Supply Vision, Inc. for $14.6 million on January 5, 2023. The purchase price for the acquisition was approximately $11.6 million, net of cash acquired, which was funded from cash on hand, plus potential performance-based contingent consideration of up to $3.0 million based on Supply Vision achieving revenue-based targets over the first two years post-acquisition. The fair value of the contingent consideration was valued at $2.7 million at the acquisition date. The gross contractual amount of trade receivables acquired was $0.3 million with a fair value of $0.3 million at the date of acquisition. Laurie Cerveny of Morgan, Lewis & Bockius LLP acted as legal advisor to The Descartes Systems Group Inc. (TSX:DSG).

The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of Supply Vision, Inc. on January 5, 2023. The purchase price for the acquisition was net of cash acquired. The consideration was funded from cash on hand.