SHP acquires eStore. All this for a company with MC $9M
Shoply Limited (Shoply or the Company) is pleased to announce that it has entered into an agreement to purchase the business and assets used to operate the online retail websitewww.eStore.com.au (eStore).
Key highlights include:
eStore is expected to contribute over $7 million of annualised revenues
Ranked 89th in Power Retails 2015 Top 100 Online Retailers, and is the largest independent online IT retailer
Increased depth in the Office Technology market
Operational and supplier relationship synergies
Increases Shoply’s forecast revenue base to $25 million heading into FY16 eStore is expected to contribute to an increase revenue to Shoply of approximately 40%, and be earnings accretive.
