August 15, 2017 / 10:40 AM / 2 years ago

BRIEF-Descartes acquires MacroPoint

Aug 15 (Reuters) - Descartes Systems Group Inc

* Descartes acquires MacroPoint

* Descartes Systems Group Inc - deal for ‍approximately $US 107 million​

* Says deal value was ‍satisfied with approximately $US 87 million in cash and $US 20 million in shares​

* Descartes systems says ‍cash consideration of deal satisfied from $7 million of cash on hand and balance from descartes’ existing acquisition line of credit​

* Descartes Systems Group Inc - ‍announced that it has acquired Macropoint Llc, an electronic transportation network​

* Descartes systems group - ‍share consideration is subject to 12 month hold period, 50% share consideration required to be held for at least 18 months​ Source text for Eikon: Further company coverage:

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