Descartes cruises into Latin America with acquisition of last-mile management platform Drivin

Waterloo-based supply-chain technology firm Descartes is building out its logistics portfolio in Latin America with the acquisition of Santiago, Chile-based Drivin . The news: Descartes bought Drivin on Monday for $30 million USD ($42.6 million CAD) in cash, with the potential to add up to another $5 million USD, depending on revenue milestones over the next two years. Much like Descartes, Drivin’s transportation management system (TMS) software helps distributors, retailers, and logistics servi