Shippit acquires Singaporean logistics startup Luwjistik for $18 million

 Australian logistics tech company Shippit is ramping up operations in Southeast Asia (SEA) after today announcing the acquisition of Singapore-based logistics SaaS platform Luwjistik for $18 million.

The move comes almost seven months after the company purchased last mile logistics tech platform Premonition for an undisclosed sum, and follows a $65 million Series B2 capital raise which helped bolster operations in SEA.

The buy-out will see Shippit co-founder and co-CEO William On relocate to Singapore to spearhead the new expansion and manage Luwjistik's existing team of 50 staff, building on two years of operations in the region for the Sydney-based firm.

Read More: https://www.businessnewsaustralia.com/articles/shippit-acquires-fast-growing-logistics-startup-luwjistik-for--18-million.html



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