Announced
Financials
Sources
Tags
Acquisition
Digital Services
Single Bidder
Pending
Private
Majority
Norway
shipping technology
Cross Border
Friendly
shipping services
Private Equity
Synopsis
Instabox, a Swedish next-gen technology company, agreed to acquire Porterbuddy, a fast-growing logistics technology platform, from Verdane, a private equity firm. Financial terms were not disclosed. “We’ve had our eyes on Porterbuddy for a while, as one of the most innovative last-mile companies in the Nordics. I’m particularly impressed by their 4.9 out of 5.0 user rating which means that they share our obsession with user satisfaction, as well as their home delivery tech stack which I believe is one of the strongest out there. We couldn’t be more excited to join forces with the Porterbuddy team as we continue to expand in new markets,” Alexis Priftis, Instabox CEO and Founder.
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