The transaction will accelerate the transformation of the shipping business into a tech-driven provider of e-commerce solutions in Central Europe.
Abris Capital Partners (“Abris”), the ESG transformation specialist private equity investor, has supported Alsendo, a Central European technology shipping solutions business, in acquiring a majority stake in Innoship, a Romanian SaaS delivery management platform. Alsendo will team up with all four founders of Innoship, who are staying on board following the acquisition.
Innoship is a pure SaaS delivery management specialist founded in Romania in 2019, offering advanced technology solutions that optimize last-mile management through data intelligence for over 200 medium and large retailers in Europe. The company will help drive Alsendo’s transition from reselling into a technology-driven, SaaS-focused business model. At the same time, Innoship will benefit from Alsendo’s expertise in providing comprehensive shipping services and technological solutions for business customers, including e-commerce, marketplace and global enterprises.
Edgar Kolesnik, partner at Abris Capital Partners, added:
“Since acquiring Alsendo, we have been proud to support its dynamic growth, while planning our ambitious buy-and-build strategy. We will continue to capitalize on the strong growth of the underlying e-commerce sector in Europe, as well as investing in the technology platform and pursuing international expansion, as we seek to grow Alsendo further. We will also focus on strengthening the merged teams and developing management and leadership talent with experience in SaaS.”
Central European investor Abris invested in Alsendo (the corporate brand of Apaczka.pl, Sendit.pl, Zaslat.cz, and Innoship.com) in 2020, and has since partnered with the firm’s management team to expand the business organically and through acquisition, as it seeks to build the leading provider of shipping solutions in Central Europe.
The acquisition of Innoship follows those of Zaslat – a technology-enabled parcel delivery platform focused on consumers and corporate clients in the Czech Republic and Slovakia – in September 2022, and Sendit, a parcel delivery platform for individual customers in Poland, in 2021. This latest add-on is another step forward for Alsendo in targeting unique technology businesses with a focus on new SaaS products for SMEs and large enterprises.
Daniel Nicolae, co-founder of Innoship added:
“At Innoship, our purpose has always been to create the best product for our customers to enable them to better manage disruptions, accelerate growth and add new value to their own consumers in today’s rapidly changing world. Our growth so far has been beyond our expectations and now we aim even higher. We are extremely grateful to the customers who are using our innovative technology and support us with feedback, but also to the investors who have guided us in the right direction. We are very excited about the partnership with Alsendo; together we will create the leading e-commerce shipping solutions technology business in Central Europe and beyond.”
The partnership also brings synergies between Alsendo and Innoship, such as the accelerated rollout of SaaS solutions in Poland and the consolidation of offerings provided by both companies to marketplaces across Central Europe and expands Alsendo’s reach into the Romanian market. In addition, the combined business will continue to benefit from the growth of the e-commerce market in Central Europe, which is driving the demand for logistics technology solutions.
Aleksandra Zawadzka, CFO of Alsendo, commented:
“We continue to pursue our strategy of transitioning to a technology-driven business model. This transaction will allow us to provide advanced solutions to a broadened universe of clients to support their business activities. It will create a unique platform, offering wide range of tools for e-commerce customers – in particular larger businesses and marketplaces.”