Personal shopping service Modomoto from Germany has acquired The Cloakroom, a similar service from the Netherlands. With the acquisition and an additional investment from the former CEO of Booking.com, Modomoto is now forming the Curated Shopping Group, ready to conquer the European market. The company didn’t disclose how much they paid for The Cloakroom.
Here you’ll find all the ecommerce news articles we’ve written about acquisitions. This news may come in handy when you want to see what kind of acquisitions were made the last couple of months or even years.
The British super market chain Sainsbury’s has acquired Home Retail Group for 1.3 billion pounds, or 1.7 billion euros. With the acquisition Sainsbury’s wants to fight the competition from Amazon in the United Kingdom as well as being better capable of delivering foods and drinks that are ordered online at the customer’s home.
Supermarket chain J Sainsbury disclosed yesterday that a 1 billion pounds bid for Home Retail, owner of retailer Argos, was rejected two months ago. It’s now thinking about making a formal offer. With the desired acquisition of Home Retail, which also owns Homebase, Sainsbury’s wants to fight the competition of online ecommerce giant Amazon and discount supermarkets Lidl and Aldi.
Private-equity firm Carlyle will acquire Dutch lingerie retailer Hunkemöller from PAI Partners. Capital for the purchase will come from the European-focused buyout fund Carlyle Europe Partners IV. The value of the transaction is not disclosed, but is probably around 440 million euros.
UK-based technology company Ve Interactive has acquired the Display Retargeting business from eBay Enterprise Marketing Solutions, a recently launched independent company. Now Ve has a client base of more than 10,000 online businesses. All employees from the eBay Enterprise Display Retargeting business will be retained.
Royal Mail has announced it acquired eCourier, a same day delivery company that operates mainly in the Greater London area, although offering nationwide distribution. Royal Mail already has Royal Mail Sameday, but by combining eCourier and its existing courier business, the British postal service company can become a significant player in the UK same day delivery market.
Lightspeed POS, a point-of-sale platform for retailers and restaurants, today announced the acquisition of Dutch ecommerce software company SEOshop. As part of this acquisition, Lightspeed launches its new ecommerce platform, called Lightspeed eCom.