Descartes acquires Irish customs tech firm ASD for $61 million
Summary
Supply chain software vendor Descartes Systems Group today said it has acquired Aerospace Software Developments (ASD), an Irish firm that provides customs and regulatory compliance solutions, for $61 million. Dublin-based ASD provides customs declaration software solutions for logistics services providers and shippers, as well as RFID solutions that help the air logistics community track assets. Specifically, its customs filing solutions, operating under the brand Thyme-IT, help importers, exporters, and LSPs comply with Irish regulatory requirements. “Descartes’ Global Logistics Network (“GLN”) was built to help shippers, carriers, and LSPs connect and collaborate to manage the complete lifecycle of shipments,” Ken Wood, EVP Product Management at Descartes, said in a release. We also see great synergies for the airline community by combining ASD’s RFID-based solutions with Descartes’ CORE BLE real-time tracking platform.”