Descartes Acquires 3GTMS to Enhance Logistics Capabilities
Deal News | Mar 25, 2025 | Globenewswire
Descartes Systems Group, a leader in logistics technology, has announced the acquisition of 3GTMS, a prominent transportation management solutions provider based in the US. The acquisition, valued at approximately $115 million and satisfied from cash reserves, aims to enhance Descartes' transportation management capabilities across North America. 3GTMS specializes in modern, cloud-based transportation management solutions that help improve cost efficiency and customer satisfaction through robust planning and automation tools. This strategic move is anticipated to complement Descartes' existing offerings significantly, thereby adding value to shippers, third-party logistics providers, and freight brokers. Descartes plans to leverage 3GTMS's platform to optimize the entire shipment lifecycle, especially in truckload, less-than-truckload, and parcel modes. The decision aligns with Descartes' strategy to broaden its carrier network reach and amplify its collaborative multimodal logistics community. Legal and financial advisory services for the acquisition were provided by Gibson, Dunn & Crutcher LLP and Lincoln International LLC for 3GTMS, and Morgan, Lewis & Bockius LLP and Centerview Partners LLC for Descartes.
Sectors
- Logistics Technology
- Transportation Management Systems
Geography
- United States – 3GTMS is headquartered in Columbus, Ohio, and the acquisition expands Descartes' network in North America.
- Canada – Descartes Systems Group is headquartered in Waterloo, Ontario, Canada.
Industry
- Logistics Technology – The article focuses on Descartes Systems Group, a company specializing in logistics software solutions, acquiring 3GTMS, another leading provider in transportation management solutions.
- Transportation Management Systems – 3GTMS is identified as a provider of transportation management solutions, indicating this specific sector's active involvement.
Financials
- US $115 million – The amount for which Descartes acquired 3GTMS, paid through the cash on hand.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Descartes Systems Group | Acquirer | Company | A global leader in logistics technology, specializing in software-as-a-service solutions for logistics-intensive businesses. |
| 3GTMS | Target Company | Company | A US-based provider of transportation management solutions leveraging modern cloud architecture. |
| Gibson, Dunn & Crutcher LLP | Legal Advisor to 3G | Company | Provided legal counsel to 3GTMS during the transaction. |
| Lincoln International LLC | Financial Advisor to 3G | Company | Acted as financial advisors to 3GTMS. |
| Morgan, Lewis & Bockius LLP | Legal Advisor to Descartes | Company | Provided legal counsel to Descartes Systems Group. |
| Centerview Partners LLC | Financial Advisor to Descartes | Company | Acted as financial advisors to Descartes Systems Group. |