Descartes Acquires STEPcom
Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), a leader in uniting logistics-intensive businesses in commerce, announced that it has acquired STEPcom, a leading Business-to-Business (“B2B”) supply chain integration network based in Switzerland.
STEPcom has connected trading partners to its B2B network for more than 15 years, helping supply chain participants connect, collaborate and seamlessly exchange electronic data. A community of more than 600 customers leverage the STEPcom suite of solutions to automate supply chain processes and streamline a wide array of complex, mission-critical documents found in typical procure-to-pay and order-to-cash processes.
STEPcom also operates a GS1-certified, industry-independent data content pool where suppliers can share product master data with customers all around the world.
STEPcom is headquartered in Rheinfelden, Switzerland. Descartes acquired the various group of companies that collectively operate under the STEPcom name for CHF 19.3 million in cash (approximately $US 19.6 million), satisfied from Descartes’ existing acquisition line of credit.