ADA has acquired the e-commerce arm of Singapore Post with the objective of fast-tracking its development drive in the Asia Pacific region.
Currently, as per Industry sources, the firm operates across ten markets, that comprise Malaysia, Singapore, Indonesia, Thailand, the Philippines, Sri Lanka, Bangladesh, Cambodia, Vietnam, and South Korea.
Srinivas Gattamneni, CEO of ADA, stated: “ADA is now over 1,000 strong across 10 markets, comprised of e-commerce practitioners, data and digital specialists, industry experts, and management consultants.”
Srinivas further explained: “This acquisition puts ADA in a unique position to boost e-commerce growth in the APAC region, tapping into an anticipated gross merchandise value of US$234b by 2025 (CAGR +18%).”
Koh Jin Kiat, SingPost Senior Vice President for Customer Engagement & Commercial stated: “E-commerce has a high level of penetration in Southeast Asia today, and this proportion will only set to grow from here. “This deal is only the start of a strategic partnership with ADA, and we look forward to complementing their business with our wide suite of eCommerce logistics solutions within the Asia Pacific region.”
Industry sources further explained that The acquisition will also add landmark groups, such as SEA, Max Fashion SEA, and Timberland, into its client portfolio, as well as increase its talents to over 300 across key markets.