The amount is reportedly in eight digits (US dollars). New investment will allow aCommerce to expand to Singapore, Malaysia and Vietnam
Switzerland-based market expansion service DKSH has acquired a 20 per cent stake in Bangkok-based e-commerce solutions provider aCommerce for an undisclosed amount, reportedly in eight digits (US dollars).
“Taking this strategic investment is a huge win for us because it allows us to expand faster into new markets like Singapore, Malaysia and Vietnam and onboard hundreds of brands,” said aCommerce Group CEO Paul Srivorakul, in an official statement.
The move comes a few weeks after DKSH President and CEO Joerg Wolle expressed his continued commitment to invest in ASEAN companies.
aCommerce was founded in 2013 and helps companies like L’Oreal, Nestlé and HP build their performance marketing, platform development, delivery, payment solutions and customer service to boost e-commerce sales.
With 140 clients, the core aCommerce markets are Thailand, the Philippines and Indonesia.
“With the combined strengths and infrastructure, aCommerce can now offer a complete solution for B2C or B2B clients for both online and offline,” Srivorakul added.
Swiss company DKSH is focussed on Asia (with 96 per cent of its sales coming from APAC) and works to expand businesses across markets. It is publicly listed on the SIX Swiss Exchange with per share valued at US$65.85, as of publishing.
“aCommerce’s services will become an integral part of our successful omni-channel service offering. The partnership also opens doors to Indonesia and the Philippines for DKSH’s Consumer Goods and Healthcare businesses,” said Wolle.
DKSH is a 150-year-old company and operates in 720 locations in Asia, with 28,000 employees. It focusses its marketing efforts on consumer goods, healthcare, performance materials and technology.
Disclaimer: aCommerce is part of the Ardent Capital portfolio. Ardent Capital is an investor in Optimatic Pte Ltd, the parent company of e27.
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