Acquisition

Adevinta, the parent company of many leading European classified marketplaces, is in discussions regarding a potential sale. A consortium led by investment firms Permira and Blackstone is reported to have made a multi-billion-dollar offer.

British fashion retailer JD Sports has reached an agreement to take over Courir. The company will pay 520 million euros for the French retail chain. Courir has more than 300 stores and is active in several countries.

Secret Sales, the UK-based off-price marketplace, has acquired the Spanish online fashion retailer Dreivip. Brands and retailers on Secret Sales will have quick access to millions of new clothing customers.

As of yesterday, Dutch fulfillment company Active Ants has been fully acquired by Belgian postal company Bpost. The acquisition was already announced in 2018, but at that time management remained in the hands of Active Ants. Now, the company has sold its remaining stake to Bpost.

DHL Group has signed an agreement to acquire 100 percent of MNG Kargo, one of the leading parcel service providers in Turkey. According to DHL, the acquisition secures a leading position in the domestic parcel market. “MNG Kargo complements our business portfolio and will help to strengthen our position in this sector”, CEO Tobias Meyer says.

From 1 August, Hermes Fulfilment will take over a dispatch center in Valdengo, Northern Italy. The center specialises in the logistical processing of low-volume product ranges. ‘By taking over the site in Valdengo, we can establish ourselves on the European market’, says CEO Kevin Kufs.

Swedish Logent Group has signed an agreement for a majority stake in Misi. The acquisition of this Dutch fulfilment company is expected to be completed next month. It is unknown how much money Logent paid for the majority stake.

Today, Sendcloud announced the acquisition of data platform Tracey. The acquisition allows Sendcloud to offer new data tools, such as AI-driven delivery predictions and near-real-time package monitoring. In this way, the shipping platform aims to offer the best customer experience.

Romanian ecommerce fulfillment provider Helpship has been acquired by euShipments, a Bulgarian logistics company for online sellers. Thanks to the acquisition, euShipments can strengthen its presence in the Romanian market.

Getir is the new manager of the Gorillas app. Users of the app were notified that their customer data will be transferred to the new owner from Turkey. Anyone who does not want this can object.

Dutch payment service iDeal has been acquired by the European Payments Initiative (EPI), a collaboration of European banks. Payconiq, technology provider of iDeal and Belgian payment platform Bancontact, has also been taken over. iDeal is to form the basis of a Europe-wide payment system, according to EPI.

Ecommerce aggregator Razor Group has taken over German competitor Stryze Group, another acquisition company. The deal was made with shares only. In addition, Razor Group has raised 80 million euros of funding.

B2B shipping software provider LetMeShip, owned by the ITA Consulting Group, is acquiring Dutch shipping platform ParcelParcel. LetMeShip can accelerate its expansion across Europe thanks to the acquisition. The software provider will now also offer more flexible business-to-consumer shipping solutions.

Google Shopping advertising specialist Producthero is now hosting Google CSS advertisers which were formerly customers of competitor Aisle 3. This enables the company to strengthen its position as Google CSS-partner in Europe.

The software and payments solution provider ClearCourse has acquired ecommerce platform provider Sellerdeck. Both companies are able to expand their product offering, thanks to the acquisition. The financial terms of the deal are undisclosed.