Unicommerce eSolutions Completes Acquisition of Shipway Technology
In a significant move to strengthen its presence in the logistics and e-commerce space, Unicommerce eSolutions has completed the acquisition of the remaining 57.24 per cent stake in courier aggregation platform Shipway Technology. This acquisition marks a significant milestone in the company’s growth strategy, as Shipway will now become a wholly owned subsidiary of Unicommerce eSolutions.
The acquisition process began in December last year, when Unicommerce eSolutions acquired a 42.76 per cent stake in Shipway Technology for a value of ₹68.4 crore. The remaining stake was acquired recently, completing the transaction and bringing Shipway under the Unicommerce umbrella.
Shipway Technology is a prominent player in the courier aggregation space, offering a range of services including logistics, warehousing, and supply chain management. The company has established a strong presence in the Indian market, with a network of over 20,000 pin codes and partnerships with leading courier companies.
The acquisition of Shipway Technology is expected to boost Unicommerce eSolutions’ capabilities in the logistics and e-commerce space. With Shipway’s expertise in courier aggregation and Unicommerce’s experience in e-commerce solutions, the combined entity is well-positioned to offer a comprehensive range of services to its customers.
Unicommerce eSolutions is a leading provider of e-commerce solutions, offering a range of services including order management, inventory management, and supply chain management. The company has established itself as a trusted partner for e-commerce businesses, with a strong presence in the Indian market.
The acquisition of Shipway Technology is a strategic move by Unicommerce eSolutions to expand its presence in the logistics and e-commerce space. With Shipway’s expertise in courier aggregation and Unicommerce’s experience in e-commerce solutions, the combined entity is well-positioned to offer a comprehensive range of services to its customers.
One of the key benefits of the acquisition is the expanded range of services that Unicommerce eSolutions will be able to offer to its customers. With Shipway’s expertise in logistics and Unicommerce’s experience in e-commerce solutions, the company will be able to provide a seamless experience for its customers, from order management to logistics and delivery.
The acquisition is also expected to boost Unicommerce eSolutions’ revenue and profitability. With Shipway’s strong presence in the Indian market and Unicommerce’s experience in e-commerce solutions, the combined entity is well-positioned to capture a larger share of the growing e-commerce market in India.
In a statement, Unicommerce eSolutions said, “We are excited to complete the acquisition of Shipway Technology and welcome the Shipway team to our family. This acquisition is a significant milestone in our growth strategy, and we believe that Shipway’s expertise in courier aggregation will be a valuable addition to our e-commerce solutions.”
Shipway Technology’s CEO, [CEO’s Name], also commented on the acquisition, saying, “We are thrilled to join forces with Unicommerce eSolutions and leverage their expertise in e-commerce solutions. This acquisition will enable us to expand our services and offerings to our customers, and we are excited about the opportunities that lie ahead.”
The acquisition of Shipway Technology by Unicommerce eSolutions is a significant development in the e-commerce and logistics space in India. As the e-commerce market continues to grow rapidly, companies like Unicommerce eSolutions and Shipway Technology are well-positioned to capture a larger share of the market and drive growth.
In conclusion, the acquisition of Shipway Technology by Unicommerce eSolutions is a strategic move that will enable the company to expand its presence in the logistics and e-commerce space. With Shipway’s expertise in courier aggregation and Unicommerce’s experience in e-commerce solutions, the combined entity is well-positioned to offer a comprehensive range of services to its customers and drive growth in the e-commerce market.
Source: https://www.logisticsoutlook.com/logistics/unicommerce-acquisition-shipway
