ADA to deepen its strategic partnership with SingPost Group
ADA, APAC’s integrated end-to-end e-commerce practice has acquired SingPost’s e-commerce arm.
This deal, which includes the unit’s assets and staff, will further strengthen ADA’s eCommerce capabilities in technology and enablement, offering clients fully integrated services in Malaysia, Singapore, Indonesia, Thailand, the Philippines, Sri Lanka, Bangladesh, Cambodia, Vietnam, and South Korea.
ADA’s e-commerce practice has grown rapidly and the acquisition further accelerates ADA’s expansion plans into providing end-to-end eCommerce technology, solutions, and services in the region.
Through this acquisition, ADA will seek to deepen its strategic partnership with the SingPost Group in distribution and logistics across Asia.
Srinivas Gattamneni, Chief Executive Officer of ADA, said: “I am thrilled to expand our e-commerce family – ADA is now over 1,000 strong across 10 markets, comprised of eCommerce practitioners, data and digital specialists, industry experts, and management consultants. The addition of SingPost’s e-commerce arm marks a milestone in ADA’s eCommerce practice expansion plans as we ramp up our end-to-end e-commerce solutions with enhanced e-commerce technology expertise and services, complementing it with our deeply integrated services of combining media, creative, and analytics. This acquisition puts ADA in a unique position to boost ecommerce growth in the APAC region, tapping into an anticipated GMV of USD 234 billion by 2025 (CAGR +18%).”
Koh Jin Kiat, SingPost’s Senior Vice President for Customer Engagement & Commercial said: “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 e-commerce logistics solutions within the Asia Pacific region, making it a win-win for both firms as our clients will get to scale up their operations with ADA’s integrated offerings,” added Mr Koh, who also oversees of SingPost Group’s international business.