Nelson-based Core Transport Technologies has been purchased by Canadian logistics firm Descartes Systems Group for $45 million (US$30m).
Core has been operating for more than 10 years and connects commercial airlines, ground handlers and the wider logistics community with trading partners and government postal authorities around the world.
It helps customers accurately track international mail, parcel and cargo shipments as well as US domestic mail and parcel shipments using mobile technologies.
Descartes product management executive vice president Ken Wood says the acquisition builds upon its logistics service working with postal authorities around the world.
“As US domestic and international ecommerce continues to grow, more demands are being placed on carriers and their partners to deliver efficiently and report events in real-time.
“Core’s solutions also extend beyond mail and parcel shipment tracking, with air cargo tracking solutions that we can add to our global logistics network,” Wood says.
Descartes chief executive Edward Ryan says his firm continues to “look for opportunities to add customers, solutions and content” to its global logistics network.
“By combining with Core, we’re strengthening our position in the growing domestic and global ecommerce market.
“We’re also adding new solutions to our Descartes Global Air Messaging Gateway that we believe will present a compelling opportunity for our global air cargo community to enhance real-time tracking and visibility of air shipments,” Ryan says.
