Wogomua major player in the B2B market, has made an important move to strengthen its position through acquisitions. cart onlinebusiness division Creative Newtech Co., Ltd.. The acquisition, approved by the WOGOM Board of Directors on March 11, 2024, marks the strategic expansion of WOGOM's presence in the B2B e-commerce space, expanding to 25 geographies, 8,000 trading partners and 25 exclusive brands across India. Provide access to.
The decision to acquire Ckart Online reflects WOGOM's strategic intention to explore new horizons and strengthen its geographical reach in the field of B2B e-commerce. By leveraging Ckart Online's extensive network, WOGOM aims to provide added value to existing and potential customers and partners.
The acquisition, made pursuant to a Business Transfer Agreement (BTA) between WOGOM and Creative Newtech Ltd, was completed on the basis of poor sales. However, finalization of the acquisition is still subject to regulatory approvals and customary closing conditions.
In the joint statement, Nirav Patel (Founder and CEO) and Ravi Patel (WOGOM Co-Founder and Director)expressed his enthusiasm for the acquisition. They reiterated his commitment to expanding WOGOM's presence in the B2B e-commerce market and delivering exceptional value to stakeholders. The company also emphasized its intention to leverage the synergies between the two companies to drive growth and innovation in the industry.
Once the acquisition is complete, WOGOM will work closely with the Ckart Online team to ensure a smooth transition for all involved. The strategic acquisition of Ckart Online is expected to give WOGOM a competitive edge in the B2B e-commerce field and expand its portfolio of services and solutions.
The acquisition of Ckart Online is a significant milestone for WOGOM and demonstrates the company's commitment to growth and innovation in the B2B e-commerce space. With access to new geographies, trading partners and exclusive brands, WOGOM is poised to further strengthen its offering and deliver enhanced value to its customers and partners.
As WOGOM continues to strengthen its position in the B2B e-commerce market, the acquisition of Ckart Online is a testament to WOGOM's strategic vision and commitment to driving excellence in the industry.
