Descartes Systems Group Inc. (DSG.TO,DSGX) said Friday that it has closed its acquisition of substantially all of the assets of Integrated Export Systems, Ltd. and IES Asia Ltd..
The all cash purchase price for the acquisition of the IES business was US$ 35.0 million, with Descartes acquiring about US$ 0.8 million in working capital.
On June 13, Descartes announced the signing of the definitive agreement to acquire those assets from IES, subject to fulfilment of typical closing conditions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.