Singapore-headquartered logistics tech company Amilo.co has acquired Thailand-based Sivadon Logistics to bolster its operational capabilities and network.
The terms of the deal remain undisclosed.
“Thailand is pivotal for us as we support our expansion within one of Asia’s most dynamic regions,” said Amilo CEO Arun Mambully. “The acquisition of Sivadon Logistics provides us with an extensive network and a stellar team, enhancing our ability to not only help international brands enter Thailand but also support Thai SMEs to go global with our already established cross-border products.”
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Amilo provides access to warehousing, fulfilment, local transportation, delivery, and international expansion through its cross-border delivery services. It has a presence in Malaysia, Vietnam, Singapore, and Thailand. It has a network of over 20 warehouses and operates a fleet of 100-plus trucks.
The company claims to have served over 100 customers across these markets with an exclusive partnership with Belgium Post’s Landmark Group.
In a few months, Amilo will launch its cross-border services in Thailand. In September, this platform will also receive a new upgrade, including additional cross-border partnerships, new price comparison features, and upgraded dashboards.
Sivadon is Amilo’s third acquisition. Previously, it snapped up last-mile aggregator Kahago in Indonesia and an unnamed company in Vietnam.
“There are many amazingly well-managed, locally built small logistics companies in SEA and they are looking for opportunities to become international while leveraging on modern technology to increase efficiency,” said Arun Mambully, CEO of Amilo. “We are excited to partner with such companies.”
In 2022, Amilo raised US$2 million from unnamed international investors.
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