Descartes Bids for Belgian Global Trade Management Specialist Porthus

Waterloo, ON — December 14, 2009 — Logistics solution provider Descartes Systems Group has filed papers to launch a cash offer for Belgium-based global trade management specialist Porthus as the company looks to expand its reach into Europe.

Descartes filed with the Belgian banking and finance supervisory authority, the CBFA, its intention to launch a conditional voluntary cash tender offer to acquire all outstanding shares of Porthus at 12.50 euros per share, as well as all outstanding warrants of Porthus. That figure represents a premium of approximately 20 percent to the closing price of Porthus' shares on NYSE Alternext Brussels on December 11.