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Singapore Post & SP e-commerce acquire TradeGlobal
21
Oct '15
Post Limited, a regional leader in e-commerce logistics and communications has signed an agreement to acquire TradeGlobal, a global omni-channel provider of end-to-end e-commerce services, from private equity firm Bregal Sagemount, TradeGlobal said in a press release.

The acquisition leverages SingPost's influence and market knowledge in Singapore and the Asia-Pacific region and TradeGlobal's expertise across the e-commerce spectrum to create a true end-to-end e-commerce solution with limitless geographic boundaries.
By coalescing resources, technologies and expertise, industry leaders SingPost and TradeGlobal can empower a unified global supply chain and commerce strategy for brands seeking expansion across North America, Asia and Europe.

“With a storied history of success in Singapore and Asia, the acquisition of TradeGlobal positions us to provide our clients with the global scale and service offering they require for sustained growth,” said Marcelo Wesseler, CEO of SP eCommerce. “Our clients will now have a single, global platform to serve their e-commerce customers. This is a very exciting merger of two companies with common vision and cultures.”

Headquartered in Cincinnati, USA, TradeGlobal provides global e-commerce services to leading fashion, beauty and lifestyle brands. The acquisition is expected to enable TradeGlobal enhance its existing service offering that includes Demandware platform development, website content management, digital marketing, omni-channel fulfillment, logistics, digital imaging and customer care—while adding new, innovative solutions on a global scale.

“SingPost is highly regarded throughout Asia as the key provider of innovative and reliable logistics services,” said Dave Cook, Executive Chairman of TradeGlobal. “This acquisition not only allows us to market our combined competencies to a broader and more diversified client base, but it also paves the way toward the future of global commerce and logistics services.”

SingPost is Singapore's 150-year old postal service provider. Its subsidiary SP eCommerce is the pioneering and leading e-commerce logistics provider across the Asia Pacific region with operations in 15 countries. (SH)

Fibre2Fashion News Desk – India


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