MyOptique Group, the UK company behind Glasses Direct and LensOn, has acquired Netzoptiker, a German eyewear retailer. This is part of its expansion into Germany. After having a leading position in the UK as well as in the Scandinavian market, Germany is the next stop for MyOptique Group.
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.
Rocket Internet sees food and groceries as the next frontier of ecommerce, as it invests heavily in two online food retailers. It financed subscription based ecommerce player HelloFresh with 100 million euros, while it acquired a 30% stake in food takeaway service Delivery Hero. And oh, it also acquired two Southern-European food and groceries companies.
Osell, the B2B subsidiary of major Chinese cross-border sales platform DinoDirect.com, has acquired TDPRO at the end of last year. TDPRO is a Russian company that provides logistics, warehousing and supply chain management services. With the acquisition, Osell is going to build the first Chinese products experience center in Moscow.
eMAG, the largest online retailer in Romania, sets foot in Poland. Its sales platform will extend into this Eastern European country, after eMAG.ro’s owner Dante International acquired Agito, one of Poland’s biggest online stores. Poland will be the fourth international market where eMAG.ro will be active in, after Romania, Bulgaria and Hungary.
Foodpanda seems to be very hungry! After acquiring businesses in India and Mexico recently, it now takes over three food delivery startups in Central Eastern Europe. The online food ordering marketplace has acquired Donesi.com, Pauza.hr and Netpincer.hr. It’s targeting market leadership across Central Eastern Europe.
Things aren’t going well for Otto Group, the German online retail company. After it sold Otto Touristik in June of this year, it’s now looking for a buyer for Otto Office, its office supplies subsidiary. Otto Group has instructed investment bank Rothschild to find a buyer for its reseller.
PCP.CH has acquired STEG Electronics, which is three times as big. As a result of the merger, PCP.COM Gruppe is now, with 160 million euros worth of revenue, the largest independent retailer on the Swiss computers and electronics market. While the two brands will remain, the merger of the two companies will result in a significant increase in efficiency and strengthen its market position, as PCP.CH wrote in a statement.
MetaPack today announced the acquisition of ABOL Software, an American provider of multi-carrier shipping software. With the acquisition MetaPack’s global delivery services offering gets expanded and opens up a new market for customers who want to drive cross-border sales and improve their international delivery experience.
Neiman Marcus Group has bought Mytheresa.com, a German luxury apparel and accessories retailer. With this acquisition the American department store is expanding its international reach. With online sales representing 24 percent of total sales, Neiman Marcus already has a large ecommerce business, but its latest addition gives the company exposure to a growing online luxury market outside the USA.
Naspers is considering a sale of its ecommerce site Ricardo.ch. The largest online retailer in Switzerland is owned by Naspers since 1998, but according to Bloomberg the South-African media group is looking for a new buyer. Apparently, preparations for a sale are at an early stage.
Etsy, the website where you can buy and sell handmade or vintage products, has made its biggest acquisition, by buying the Paris-based website A Little Market, an online marketplace where also handmade goods can be bought and sold. Etsy is more and more expanding internationally and its strategy is to go deeper into local markets.
Design-focused online retailer Fab has acquired One Nordic Furniture Company, which is – if you may have guessed – a furniture company that’s active in the Nordic countries. Hopefully the acquisition can help Fab, as the ecommerce company has had some trouble finding its definite footing.
Takeaway.com has received 74 million euros worth of funding from investment companies Macquarie Capital and Prime Ventures. It’s not the first time the Dutch company, specialized in online food ordering and home delivery, got funding as it received an investment of 13 million euros from Prime Ventures back in 2012.
Backcountry has acquired Bergfreunde.de, an European ecommerce site that sells all kinds of outdoor equipment and serves customers in Germany, Austria and Switzerland. The purchase marks the entry of American-based Backcountry into the European market. The company wants to build the first globally scaled outdoor ecommerce business.
Elanders has acquired Myphotobook, a German company that sells personalised photo products for consumers. With the acquisition the Swedish company is now one of the leading players in Europe. Elanders bought Myphotobook for 10.5 million euros from investment holding company Holtzbrinck Digital.