2 Acquisitions of Companies in the Last Mile Transportation Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Last Mile Transportation industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 2 acquisitions that took place in the Last Mile Transportation industry.

Vuxx acquired by BoxDelivery

Details about the transaction:

Acquisition amount:

$7,265,782

Announcement:

1 June 2022

Details about the company:

A tech-enabled freight service for businesses and merchants is called Vuxx.

Headquarter:

São Paulo, Sao Paulo, Brazil

Where to find them:

Industry:

Internet, Last Mile Transportation, Logistics, Retail, Shipping, Transportation

Details about the buyer:

BoxDelivery creates a mobile application that speeds up delivery.

Headquarter:

Cerqueira César, Sao Paulo, Brazil

Where to find them:

Foxtrot Systems acquired by Descartes Systems Group

Details about the transaction:

Acquisition amount:

$4,000,000

Announcement:

21 April 2022

Details about the company:

The automated last-mile fleet management ecosystem of Foxtrot Systems is dedicated to enabling the supply chain of the future.

Headquarter:

San Francisco, California, United States

Where to find them:

Industry:

Delivery, Enterprise Software, Fleet Management, Last Mile Transportation, Logistics, Software, Supply Chain Management

Details about the buyer:

Descartes is the industry pioneer in on-demand, software-as-a-service solutions with a productivity improvement focus.

Headquarter:

Waterloo, Ontario, Canada

Where to find them: