Descartes acquires industry peer Portrix Logistics Software for 22 million euros. Germany's Portrix streamlines and automates processes for managing global shipping processes. And that matches the demand from logistics service providers, Descartes believes.
Descartes, provider of software solutions for logistics and supply chain, calls the acquisition a logical step, given the increasing demand for integrated end-to-end solutions. "Our investment in Portrix, combined with our recent investments in Kontainers and QuestaWeb, allows us to offer a differentiated end-to-end product," Descartes CEO Edward Ryan said of the move. "This offers a solution for logistics service providers looking to digitise their operations with a pre-integrated solution."
Portrix's main product, Global Price Management (GPM), is used by customers for global shipment routing, rate management, pricing policies and capacity determination. The German company's solutions are mostly integrated with core systems that require accurate and complete shipping and pricing options. These include CRM and transport management systems and online booking platforms.
With the acquisition, Portrix customers become members of Descartes' Global Logistics Network. According to Portrix, this gives them more opportunities to optimise their logistics operations.
"For logistics service providers who value the digitised customer experience, automated rate management tools are key," says Henning Voss, co-founder of Portrix. Voss will become VP Product Management and Rate Management Solutions at Descartes after the acquisition. "As the momentum for digitalisation accelerates, demand for our solutions continues to grow. We mainly see an increase in demand for an integrated solution from Descartes Kontainers and Portrix."
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