SingPost expands its e-commerce logistics network to the USA

0

Singapore Post (SingPost) has entered into a US$15.8m agreement to acquire a 71% stake in Jagged Peak, a US-based e-commerce logistics enabler for high-velocity consumer products.

Jagged Peak’s e-commerce logistics platform Flexnet is used by more than 20 warehousing facilities across the USA, Canada and Europe. If completed, the deal will allow SingPost to offer e-commerce technology platforms and fulfillment services on the continents of Asia, Australia, continental North America and Europe.

Lim Ho Kee, chairman of SingPost, said, “As SingPost pioneers and leads e-commerce logistics in Asia-Pacific, we are casting our eyes beyond the region. Jagged Peak can enable end-to-end fulfillment of e-commerce orders across the USA. SingPost is excited about this capability. This transaction is also part of our strategy to focus our resources on strengthening our geographical reach and the technology we employ as an e-commerce logistics company.”

Dr Wolfgang Baier, group CEO of SingPost, said, “This acquisition will ‘connect the dots’ and make our e-commerce logistics network global. The acquisition of Jagged Peak allows us to use their state-of-the-art e-commerce omni-channel technology to enable brands and retailers not only to leverage their warehouse facilities in over 20 locations in the USA, but also expand these services into our Asia-Pacific warehouse network. We have planted the seeds with this investment of what will be SingPost’s global multi-channel B2B4C e-commerce logistics platform.”

October 13, 2015

Share.

About Author

mm

Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

Comments are closed.