aCommerce announces strategic investment & partnership with DKSH – Asia’s largest market expansion service provider
From left to right: aCommerce CPO Graeme Oldham, CMO Sheji Ho, CEO Paul Srivorakul, COO Peter Kopitz, Jonathan Guyett, DKSH’s Co-Head Business Unit Consumer Goods, Steve Ferraby, DKSH’s Head of Corporate Affairs & Strategic Investments, Thailand CEO Tom Srivorakul, CFO Piers Bennett
Bangkok. December 9, 2015. Southeast Asian ecommerce service provider and online distributor aCommerce announced today that it has signed a strategic partnership with DKSH Group that involves an undisclosed investment for a 20% stake and access to DKSH clients and infrastructure across the region. DKSH is a 150 year old Swiss-based Market Expansion Services provider with over 100 global blue-chip clients. It generated net sales of more than US$10 billion in 2014 with 165 distribution centers across the region, making it the largest player of its kind in Asia.
“Taking this strategic investment is a huge win for us because it allows us to expand faster into new markets like Singapore, Malaysia and Vietnam and onboard hundreds of brands,” said Paul Srivorakul, Group CEO of aCommerce, “With the combined strengths and infrastructure aCommerce can now offer a complete solution for our B2C or B2B clients for both online and offline.”
Launched in 2013, aCommerce has been powering leading companies such as L’Oreal Group, Nestle and HP to sell online through performance marketing, platform development, fulfilment, last-mile delivery, localized customer service, and payment solutions. With over 140 clients, aCommerce is benefiting from the ecommerce gold rush in the region and has more than tripled its monthly revenue since January 2015.
With 96% of its net sales generated in Asia Pacific, DKSH is a truly pan-Asian powerhouse. Southeast Asia in particular is one of the most promising growth markets worldwide. Dr. Joerg Wolle, President & CEO of DKSH, said: “With the investment in aCommerce, we bring our unique ability to serve our clients through all trade channels one step further. aCommerce’s services will become an integral part of our successful omni-channel service offering. The partnership also opens the doors to Indonesia and the Philippines for DKSH’s Consumer Goods and Healthcare businesses.”
aCommerce is a regional full-service ecommerce solutions provider, delivering customized ecommerce solutions for global brands and retailers such as L’Oreal, Hewlett-Packard, Samsung, Nestle, Lazada, MatahariMall, and LINE among others, and is on a mission to break the logistics bottleneck of Southeast Asia. Founded in June 2013, aCommerce has offices and distribution centers in Indonesia, Thailand, and the Philippines. The company provides end-to-end ecommerce solutions to bring brands and retailers into online retail, including performance marketing, channel management, platform design and development, content production, order fulfillment and warehousing, delivery and logistics, customer service, and call centers.
DKSH is the leading Market Expansion Services provider with a focus on Asia. As the term “Market Expansion Services” suggests, DKSH helps other companies and brands to grow their business in new or existing markets. Publicly listed on the SIX Swiss Exchange since March 2012, DKSH is a global company headquartered in Zurich. With 750 business locations in 35 countries – 720 of them in Asia – and 27,600 specialized staff, DKSH generated net sales of CHF 9.8 billion in 2014. In 2015, DKSH celebrates its 150th anniversary. With strong Swiss heritage, the company has a long tradition of doing business in and with Asia and is deeply rooted in communities and businesses across Asia Pacific.
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