Asendia, the joint venture between Le Groupe La Poste and Swiss Post, has announced the acquisition of eShopWorld (ESW), the cross-border e-commerce enabler, of which Asendia has been the majority shareholder of since 2017. It is regarded the latest step in Asendia’s strategy to enhance its cross-border commerce operations also aiming to support retailers growing their e-commerce business internationally.
Dublin-based ESW will remain a stand-alone entity, with the current management remaining. DPDgroup stated that this investment will allow the ESW team to continue expanding the business and further build on its capabilities.
Marc Pontet, CEO, Asendia, said, “eShopWorld are experts in making it easy for global brands to have a local presence. Additionally, its focus on making e-commerce frictionless, regardless of location, made it a coherent, strategic choice to make eShopWorld part of the Asendia family. The move dovetails with our overarching aim to make worldwide e-commerce simple and reliable, and is a significant step in making this vision a reality.”
Commenting, Tommy Kelly, Founder and CEO of ESW said, “This is a significant endorsement of eShopWorld’s growth, sustainability and success in embracing the structural shift in favour of online shopping. The recently concluded transaction marks a deepening commitment by Asendia who have been a highly supportive partner and provider of complementary e-commerce services. I want to thank and pay tribute to our incredibly talented and loyal staff, who have been a key differentiator in eShopWorld’s journey to becoming the world’s leading cross border e-commerce enabler inside a decade. Our exceptional workforce, committed shareholder and scalable and well-invested platform means eShopWorld is well poised for continuing growth and innovation, to better serve a growing demand for trusted online shopping”.
Last October EWS announced annualised revenues of approximately €1bn as it accelerated 160 new hires, taking employment at ESW to over 480 staff by year end 2020.
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