Descartes Systems (Nasdaq: DSGX) buys Drivin to boost Latin American last mile logistics
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
The Descartes Systems Group is acquiring Drivin, a Santiago-based last mile delivery management platform active across Latin America. Descartes is paying up-front consideration of approximately US $30 million in cash, with additional performance-based earn-out potential. The all-cash earn-out can reach a maximum of US $5 million if revenue-based targets are met in the first two years after the acquisition, with any earn-out payment expected in fiscal 2029.
The deal is intended to expand Descartes’ AI-powered last mile logistics capabilities and strengthen its Global Logistics Network in a key growth region. Drivin’s platform offers advanced route optimization, dispatch management, and real-time visibility, and is already widely used in high-density urban markets, particularly in Latin America.
Positive
- None.
Negative
- None.
Key Figures
Up-front consideration: US $30 million cash
Maximum earn-out: US $5 million cash
Total potential purchase price: US $35 million cash
+3 more
6 metrics
Up-front consideration
US $30 million cash
Paid at closing for Drivin acquisition
Maximum earn-out
US $5 million cash
Performance-based, tied to revenue targets
Total potential purchase price
US $35 million cash
Up-front plus maximum earn-out
Earn-out performance period
First two years post-acquisition
Revenue-based targets measurement window
Expected earn-out payment year
Fiscal 2029
Timing for any earn-out payment
Month of 6-K report
July 2026
Reporting month for the foreign issuer
Key Terms
last mile delivery management, Global Logistics Network, performance-based earn-out, machine learning, +1 more
5 terms
last mile delivery management financial
"Drivin, a leading provider of last mile delivery management solutions across Latin America."
Global Logistics Network financial
"Descartes powers supply chains by uniting businesses on its Global Logistics Network (GLN)."
A global logistics network is the system of routes, hubs, warehouses, carriers and technology that moves and stores goods across countries and continents. Think of it as a company’s transport and storage nervous system that links factories, ports and stores so products reach customers on time. For investors, its efficiency and resilience affect costs, delivery reliability, inventory levels and a firm’s ability to grow or weather disruptions, which in turn influence profit margins and share value.
performance-based earn-out financial
"plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is US $5 million"
machine learning technical
"real-time execution visibility, enhanced by machine learning and agentic AI capabilities."
Machine learning is a set of computer programs that learn patterns from large amounts of data and improve their predictions or decisions over time, like a recipe that gets better each time it’s adjusted based on taste tests. For investors it matters because these systems can speed up analysis, spot trends or risks humans might miss, automate routine work, and potentially create competitive advantages or cost savings that affect a company’s performance.
forward-looking statements regulatory
"This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements")"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORM
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REPORT OF FOREIGN PRIVATE ISSUER
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PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
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THE SECURITIES EXCHANGE ACT OF 1934
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For the month of July 2026
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Commission File Number: 000-29970
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(Translation of registrant’s name into English)
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120 Randall Drive
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Waterloo, Ontario
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Canada N2V 1C6
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(Address of principal executive office)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ ] Form 40-F
[x]
The attached Press Release issued July 6, 2026 is furnished herewith as Exhibit 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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THE DESCARTES SYSTEMS GROUP INC.
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(Registrant)
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By:
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/s/ Peter V. Nguyen
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Name:
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Peter V. Nguyen
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Title:
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General Counsel
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Date: July 6, 2026
EXHIBITS
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Exhibit No.
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Description
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99.1
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Press Release Issued July 6,
2026
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Interactive Data File (formatted in Inline XBRL)
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Exhibit 99.1
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Press Release
Descartes Acquires Drivin
Expands AI-powered last mile logistics capabilities and Global Logistics Network with Latin American delivery management platform
WATERLOO, Ontario, ATLANTA, Georgia, and SANTIAGO,
Chile, July 6, 2026 (GLOBE NEWSWIRE) — The Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in uniting
logistics-intensive businesses in commerce, today announced the acquisition of Drivin, a leading provider of last mile delivery management solutions across Latin America.
Drivin enables distributors, retailers, consumer goods companies, and logistics service providers to improve delivery performance
with advanced route optimization, dispatch management, and real-time execution visibility, enhanced by machine learning and agentic AI capabilities. The platform is widely adopted in high-density urban environments where logistics complexity and
service expectations continue to increase.
“Drivin brings a proven and highly adaptable solution for managing complex last mile operations. It also has a significant volume
of last mile logistics data and operational metadata generated from real-world delivery execution across Latin America to improve AI training and execution, predictive analytics, and optimization,” said James Wee, General Manager of Fleet
Performance Management solutions at Descartes. “The combination enhances our ability to serve distribution-intensive businesses around the world as they modernize and scale to meet customer expectations for faster, more reliable delivery
experiences amidst growing urban congestion and complexity.”
"Latin America represents a growth market for Descartes and for the broader logistics technology industry," said Edward J. Ryan,
Descartes' CEO. "Drivin complements our existing fleet performance management offering, expands our reach in Latin America, and adds experienced leadership and deep domain expertise to help accelerate innovation, adoption and customer success
across the Descartes Global Logistics Network.”
Drivin is headquartered in Santiago, Chile. Descartes acquired Drivin for up-front consideration of approximately US $30 million
satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is US $5 million, based on the combined business achieving revenue-based targets in the first two
years post-acquisition. Any earn-out is expected to be paid in fiscal 2029.
About Descartes
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply
chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries,
The Descartes Systems Group Inc. | info@descartes.com | www.descartes.com | © All rights reserved
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domestic and international shipments, transportation
rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
Descartes Investor Contact
Laurie McCauley
investor@descartes.com
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking information
within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' acquisition of Drivin and its solution offerings; the potential to provide customers with last-mile delivery and fleet performance management
solutions; other potential benefits derived from the acquisition and Drivin’s solution offerings; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the
actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the
expected future performance of the Drivin business based on its historical and projected performance as well as the factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with
the Securities and Exchange Commission, the Ontario Securities Commission and other securities regulatory authorities across Canada including Descartes’ most recently filed annual and interim management's discussion and analysis which are available
under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of
operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking
statements are provided for the purposes of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake
or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is
based, except as required by law.
The Descartes Systems Group Inc. | info@descartes.com | www.descartes.com | © All rights reserved
FAQ
What did Descartes Systems Group (DSGX) announce in this 6-K filing?
Descartes announced the acquisition of Drivin, a Latin American last mile delivery management platform. The deal expands Descartes’ AI-powered logistics capabilities and strengthens its Global Logistics Network in high-density urban markets across Latin America.
How much is Descartes paying to acquire Drivin?
Descartes is paying approximately US $30 million in cash as up-front consideration for Drivin. The transaction also includes a performance-based earn-out of up to US $5 million, making the total potential purchase price US $35 million in cash.
Is there an earn-out included in Descartes’ acquisition of Drivin?
Yes. The acquisition includes an all-cash, performance-based earn-out of up to US $5 million. This additional payment depends on the combined business meeting revenue-based targets during the first two years following the acquisition’s closing.
When could the Drivin earn-out be paid to the sellers?
Any earn-out related to the Drivin acquisition is expected to be paid in Descartes’ fiscal 2029. The actual amount, up to US $5 million, depends on revenue-based performance targets over the first two post-acquisition years.
How does Drivin fit into Descartes Systems Group’s logistics strategy?
Drivin adds advanced last mile route optimization, dispatch management, and real-time execution visibility to Descartes’ offerings. Its strong presence in Latin America and large volume of logistics data support AI training, predictive analytics, and optimization for distribution-intensive customers.
Where is Drivin based and what markets does it serve?
Drivin is headquartered in Santiago, Chile and focuses on last mile delivery across Latin America. Its platform is widely used in high-density urban environments, serving distributors, retailers, consumer goods companies, and logistics service providers.