Singapore Post, through its indirect wholly owned subsidiary, TG Acquisition Corporation, is acquiring 96.3% of TradeGlobal Holdings from TradeGlobal Parent LLC for $236 million.
TradeGlobal is a US end-to-end e-commerce provider that offers services to the world’s fashion, beauty and lifestyle brands. Its parent is owned by private equity firm, Bregal Sagemount.
Following this transaction, Singpost’s clients in Asia Pacific can expand their businesses into the US while TradeGlobal’s clients will have access to the Asia Pacific e-commerce landscape.
As Singpost and TradeGlobal’s e-commerce platforms and warehouse networks are complementary, clients can expect to leverage integrated technology and fulfillment capabilities.
The founders of TradeGlobal, Dave Cook, executive chairman, and Dave Eckley, CEO, will continue in their current positions as executives and shareholders.
“Together with TradeGlobal, Singpost can establish stronger market leadership and have a larger talent pool to drive a global e-commerce strategy,” says Lim Ho Kee, chairman of Singpost.
Singpost shares closed at $1.78 on Oct 14.
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TradeGlobal is a US end-to-end e-commerce provider that offers services to the world’s fashion, beauty and lifestyle brands. Its parent is owned by private equity firm, Bregal Sagemount.
Following this transaction, Singpost’s clients in Asia Pacific can expand their businesses into the US while TradeGlobal’s clients will have access to the Asia Pacific e-commerce landscape.
As Singpost and TradeGlobal’s e-commerce platforms and warehouse networks are complementary, clients can expect to leverage integrated technology and fulfillment capabilities.
The founders of TradeGlobal, Dave Cook, executive chairman, and Dave Eckley, CEO, will continue in their current positions as executives and shareholders.
“Together with TradeGlobal, Singpost can establish stronger market leadership and have a larger talent pool to drive a global e-commerce strategy,” says Lim Ho Kee, chairman of Singpost.
Singpost shares closed at $1.78 on Oct 14.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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