Singapore Post

[CityFarmer]

SingPost has been transformed to a global player, instead of only a regional one...

Singpost to acquire majority stake in US e-commerce logistics provider Jagged Peak for $22.5 mil

SINGAPORE (Oct 9): Singapore Post ( Valuation: 1.50, Fundamental: 2.70) has entered into an agreement to acquire a 71.1% stake in Jagged Peak, Inc for US$15.8 million ($22.5 million).

The acquisition takes Singpost a step close to building an end-to-end e-commerce logistics network and technology platform.

Singpost saus Jagged Peak’s proprietary e-commerce logistics platform, used by more than 20 warehousing facilities across the US, Canada and Europe, will enable Singpost to become a global e-commerce logistics provider for high-velocity consumer products.

The proposed acquisition will enable SingPost to support customers globally and move products more efficiently to consumers by implementing Jagged Peak’s Flexnet technology.

Singpost also intends to invest in Jagged Peak’s e-commerce logistics infrastructure, processes and technology to help customers maximise their business potential globally.
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http://www.theedgemarkets.com/sg/article...ak-225-mil