Alibaba completed the acquisition of Visable from Capvis.

Alibaba, an e-commerce company, completed the acquisition of Visable, a B2B platform operator, from Capvis, a private equity firm. Financial terms were not disclosed. "Together with the Visable management, we have significantly developed the platform technologically since our entry, expanded our German market leadership and also opened up new European markets. In Alibaba.com, we have found a strategic partner whose technological expertise and international network will enable Visable to cement its European market leadership and further promote digital commerce in Europe. We would like to thank the Visable management for the many years of our trusting and successful cooperation and are convinced that the Visable success story will continue with Alibaba.com," André Perwas, Capvis Partner.