Descartes Acquires Latin American Drivin Platform for $30M Plus $5M Earn-out
DSGX•Descartes will pay $30 million in cash plus up to $5 million earn-out to acquire Drivin, a Latin American last-mile delivery platform with machine learning and AI route optimization for high-density urban environments. The deal expands Descartes’ Global Logistics Network and enhances its AI-powered last-mile logistics capabilities in Latin America.
1. Acquisition Overview
On July 6, 2026, Descartes Systems Group announced the acquisition of Drivin, a Santiago-based provider of last-mile delivery management solutions across Latin America. This move marks Descartes’ first major acquisition in the region, aimed at serving distributors, retailers and logistics providers facing urban delivery challenges.
2. Drivin’s Technology and Market
Drivin’s platform leverages advanced route optimization, dispatch management and real-time execution visibility enhanced by machine learning and agentic AI. The solution is widely adopted in high-density urban environments and generates extensive operational metadata to refine predictive analytics and optimization models.
3. Strategic Rationale
The acquisition strengthens Descartes’ AI-powered last-mile logistics capabilities and broadens its Global Logistics Network footprint in a high-growth Latin American market. Combined expertise is expected to accelerate innovation, adoption and customer outcomes for distribution-intensive businesses seeking faster, more reliable delivery in congested cities.
4. Financial Terms and Funding
Descartes will pay approximately US $30 million in upfront cash from existing liquidity, with a potential US $5 million performance-based earn-out contingent on revenue targets over the next two years. Any earn-out payment is expected in fiscal 2029.
