The Postman on the e-commerce fast lane with TradeGlobal acquisition

It will acquire 93.6% of the company for $236m.

Eager to catch-up with a rapidly digitising global landscape, Singapore Post steps up its business with the acquisition of TradeGlobal, a leading U.S. end-to-end eCommerce provider that offers services to fashion, beauty and lifestyle brands.

According to a statement by SingPost, its clients in Asia-Pacific can now expand their businesses into the U.S. while TradeGlobal’s clients could tap on of the fastest growing e-commerce landscape in the region.

“As SingPost’s and TradeGlobal’s eCommerce platforms and warehouse networks are complementary, their clients can expect to leverage integrated technology and fulfilment capabilities. This combination creates a one-stop global solution,” SingPost said.

Lim Ho Kee, chairman of SingPost, says this acquisition would enable the Postman to have a competitive edge in the e-commerce market.

“Our acquisition of TradeGlobal will further accelerate SingPost’s transformation, which began more than a decade ago to survive the steep decline of letter mail,” he said.

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