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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.