Descartes acquires Tai for $100M
Freight broker TMS provider Tai has been acquired by Descartes Systems Group in a $100 million deal announced on Monday. The post Descartes acquires Tai for $100M appeared first on FreightWaves .
Canadian logistics firm Descartes Systems Group has purchased Tai, an AI-powered transportation management system (TMS) for freight brokers, for $100 million, as announced on Monday. The acquisition was funded using cash reserves. Tai's platform handles various aspects of the shipment process, from quoting to invoicing, and primarily manages truckload, less-than-truckload, drayage, and cross-border shipments.
Andrew Wimer, associate general manager of transportation management at Descartes, stated that the acquisition will enhance Descartes' transportation management capabilities for freight brokers and provide valuable data on transactions, carriers, and shipments to the Descartes Global Logistics NetworkTM. Descartes has been expanding its offering through acquisitions recently.
In the past month, the company acquired Drivin, a Latin American last-mile logistics technology provider, for $30 million and Idelic, a Pittsburgh-based fleet safety solutions provider, for $28 million in April. According to Descartes CEO Ed Ryan, Tai complements Descartes' strengths in carrier onboarding, compliance, fraud prevention, and real-time visibility.
Combining their solutions is expected to help freight brokers navigate change, streamline freight execution, improve operating margins, strengthen relationships with customers and carriers, and support digital transformation. Descartes is scheduled to report its 2027 fiscal second-quarter results on September 10 after the market closes.
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Also reported by 1 other outlet
- Descartes acquires Tai for $100M finance.yahoo.com
