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Against the backdrop of a sector-wide move toward platform consolidation among logistics technology providers, Descartes Systems Group (NASDAQ: DSGX) announced Tuesday that it has acquired Extensiv, a California-based warehouse management and fulfillment technology provider, for $120 million.
The deal was funded with cash on hand. The acquisition arrives one week after Descartes paid $100 million for Tai, a transportation management system provider serving freight brokers.
Two deals totaling $220 million, both self-funded within days, reflect the pace at which Descartes is building toward a single-platform offering for logistics services providers.
The company has described a strategy of targeting acquisitions that fill product portfolio gaps.
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