(Manufacturing.net) — Descartes Systems Group, based in Waterloo, Ontario, Canada, has acquired KSD Software Norway AS (KSD), which provides electronic customs filing solutions for the European Union. Many of the EU supply chain players look toward companies like Descartes and KSD to manage the complexity of dealing with different regulations, languages and systems in various members states.
KSD is headquartered in Oslo, Norway, and currently has more than 1,300 customers throughout the EU, with a focus on Norway and other Scandinavian countries. The company also holds offices in Sweden, Denmark, and The Netherlands. Descartes says the all-cash purchase was NOK 190 million ($33 million USD).
In a statement, Svenn Widerberg, CEO of KSD says, “EU customs compliance is complex. Our focus is to make the process easier for customers so that they can instead focus on their core businesses. Like us, Descartes is focused on delivering results to customers, and this made a combination with Descartes a logical choice for our customers. We’re thrilled that our customers will now have access to even more solutions and global logistics participants to help them become more efficient.”
For more information about KSD, visit www.ksdsoftware.com/en/.
Learn more about Descartes at www.descartes.com.