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Keywords: Logistics, Mobile Solutions, Logistics Service Providers (LSPs), Distribution Centers
Descartes Systems Group, a global leader in uniting logistics-intensive businesses in commerce via the Global Logistics Network (GLN), announced that it has acquired BearWare, Inc. ("BearWare"), a leading US-based provider of mobile solutions to improve collaboration between retailers and their logistics service providers.
For over 25 years, BearWare has been helping retailers and their logistics service providers collaborate on store shipments. BearWare's system leverages mobile technologies to scan cartons at each point from the distribution centers through to the storefront. This carton-level tracking complements shipment-level tracking and helps pro-actively identify potential inventory replenishment for each store, reduces theft and claims for lost cartons, and streamlines shipment payment. It also supports pool distribution, which helps retailers to reduce logistics costs and minimize store disruptions by eliminating unconsolidated direct shipments from suppliers and retailer distribution centers into the stores. The BearWare system is being used by leading retailers, including L Brands, Restoration Hardware and GNC to save money, support loss prevention programs and improve delivery operations effectiveness.
BearWare is headquartered in Cleveland, Ohio. The purchase price for the acquisition was approximately US $11.25 million, which was satisfied in cash. Descartes intends to provide further information relating to the acquisition in its public conference call relating to its second quarter fiscal 2016 (Q2FY16) financial results, currently anticipated to be in early September 2015. The acquisition is not expected to contribute materially to Descartes' revenues or Adjusted EBITDA for Q2FY16.
Keywords: Logistics, Mobile Solutions, Logistics Service Providers (LSPs), Distribution Centers, ARC Advisory Group.