Acquisition creates a single source for global end-to-end e-commerce services
Singapore Post Limited (“SingPost”) (STI:S08), a regional leader in e-commerce logistics and trusted communications, today announced it 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.
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, TradeGlobal provides global e-commerce services to leading fashion, beauty and lifestyle brands. This acquisition will enable TradeGlobal to enhance its existing service offering—which 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.”
“At TradeGlobal, we consistently strive to provide the highest quality of service to our clients,” said Dave Eckley, CEO of TradeGlobal. “As part of the SingPost family, our customers will benefit from their deep understanding of the Asian market and their roots in international logistics. We view this as an opportunity to bring substantial new resources and industry-leading innovation to our clients as they expand their global footprint.”
About Singapore Post Limited
For over 150 years, Singapore Post (SingPost) as the country’s postal service provider, has been delivering trusted and reliable services to homes and businesses in Singapore.
Today, SingPost is pioneering and leading in e-commerce logistics through its subsidiary SP eCommerce as well as providing innovative mail and logistics solutions in Singapore and the Asia Pacific, with operations in 15 countries. For more information, please refer to www.SPeCommerce.com.
Building on its trusted communications through domestic and international postal services, SingPost is taking the lead in end-to-end integrated and digital mail solutions. The suite of SingPost e-commerce logistics solutions includes front-end web management, warehousing and fulfilment, last mile delivery or international freight forwarding.
Listed on the Main Board of the Singapore Exchange in 2003, SingPost is a constituent stock of various main global benchmark indices – FTSE All-World Index Series, FTSE All-World Minimum Variance Index, FTSE All-World High Dividend Yield Index, FTSE RAFI Index Series, FTSE Global Infrastructure Index Series and FTSE ST Index Series. It has a strong credit rating of ’A/Stable/NR’ by Standard & Poor’s.
To find out more about SingPost, please visit www.singpost.com and https://www.singpost.com/corporate-information/businesses.html for more information on SingPost’s subsidiaries and businesses.
About TradeGlobal
TradeGlobal is a global omni-channel solutions provider with an end-to-end e-commerce offering, serving the world’s leading fashion, beauty and lifestyle brands. TradeGlobal unifies website development, digital marketing strategies, omni-channel fulfillment, supply chain logistics and customer care across domestic and international boundaries to create a seamless brand experience. With operating locations in North America, Asia and the U.K., TradeGlobal provides the technologies and operations that enable emerging businesses to evolve and established businesses to prosper. For more information, please visit www.tradeglobal.com.
About Bregal Sagemount
Bregal Sagemount is a growth-focused private capital firm with $650 million in committed capital. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $15 million to $150 million per transaction into targeted sectors including software, digital infrastructure, healthcare IT / services, business and consumer services, and financial technology / specialty finance. For more information, please visit www.sagemount.com.
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Media Contacts:
Lim Li Koon
Singapore Post
limlikoon@singpost.com
+011 65 9363 6523
Peter Heng
Singapore Post
peterheng@singpost.com
+011 65 9125 0023
Jessica Ison
TradeGlobal
jessica.ison@tradeglobal.com
+1 513-830-0117
