Asendia aquires eShopWorld to accelerate growth
Asendia, the majority shareholder of eShopWorld since 2017, has fully acquired eShopWorld. The investment will help accelerate the expansion of ESW and aims to build on its technology and logistics capabilities for global brands.
“This is a significant endorsement of ESW growth, sustainability and success in embracing the structural shift in favor of online shopping. The recently concluded transaction marks a deepening commitment by Asendia, which has been a highly supportive partner and provider of complementary e-commerce services.”
– Thomas Kelly, founder and CEO, eShopWorld
eShopWorld which is based in Dublin sets up brands and retailers with an “end-to-end” solution for conducting cross-border e-commerce, despite the acquisition by Asendia ESW will remain a stand-alone entity with the current management remaining.
eShopWorld expects to double its turnover over the coming years. In October, the company reported annual revenues of about one billion euros. The company also made 160 new hires, taking the headcount to over 480 at the end of 2020. It exceeds 500.
“In the complex world of international retail, if you think about taxes, tariffs, VAT, pricing, translations, logistics, returns, data security, fraud protection, customer service — all those complexities — ESW takes that away from their clients so they can focus on what they do best — merchandising and developing product,”
“This is a young company. It’s been amazingly successful, Their technology has been integrated into many of the leading global brands in the world. The company provides very fast and efficient access to international arenas with minimal capital. In six to eight weeks, we can onboard a brand in a new market.”
– Patrick Bousquet-Chavanne, president and CEO Americas, eShopWorld