Singapore Post Acquires TradeGlobal

10/20/2015
Singapore Post Limited, a regional provider in e-commerce logistics and trusted communications, has signed an agreement to acquire TradeGlobal, a global omnichannel 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, 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 fashion, beauty and lifestyle brands. This acquisition will enable TradeGlobal to enhance its existing service offering — which includes the 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."
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