Moglix completed the acquisition of Indian distribution business of Resideo Technologies-backed ADI Global.

Moglix, a provider of an online marketplace. completed the acquisition of Indian distribution business of Resideo Technologies-backed ADI Global, a distributor and supplier of security products. Financial terms were not disclosed. “The integration of ADI India’s distribution network aligns with Moglix’s vision to create India’s largest distribution network for OEM brands across categories and take Indian manufacturing supply chain capabilities to the world…on growth and global expansion, we will continue to utilize funds to build a strong product portfolio and digital supply chain network for our customers and create value for all stakeholders," Rahul Garg, Moglix Co-Founder and CEO.