In order to solve the problem of the last might of the logistics for small and medium-sized businesses, SHOPIFY is 450 million US dollars to acquire automated logistics companies to expand its logistics network with robotics.
Consumers seem to have been very generous for 24 hours, but for small sellers, it is a difficult challenge, from Canada, SHOPIFY, which is called “invisible champion”, has found a breakthrough.
On Monday (9), Shopify announced a high price of $ 450 million (about 14 billion yuan), and acquired 6 River Systems of Automation Logistics Company, which accounted for 60% of the cash and 40% of stocks. This transaction will make SHOPIFY to resolve the strategy of the last might of the logistics.
Unlike the e-commerce platform headed by Amazon, SHOPIFY specializes in small and medium-sized sellers to provide a technical manufacturer of one-stop e-commerce platform to solve the problem of constructing an e-commerce platform. By the end of 2018, there were more than 800,000 companies in the world using the platform provided by SHOPIFY.
In June of this year, Shopify announced its establishment of Shopify Fulfillment Network in the Developer General Assembly and plans to invest $ 1 billion. The SHOPIFY logistics network will reduce the cost of transportation of e-commerce through machine learning technology, and make the goods to the customer in time.
Hand in hand automated logistics company, with warehousing robot technology to overcome the last mile of logistics
SHOPIFYCEOTOBIL¨¹TKE said in the official statement, like the business challenge in the past, Shopify is in the same way, through the best technology, helps the seller to show its competitiveness in a cruel e-commerce market.
Shopify believes this time with 6 River Systems, will help the company to promote their logistics vision to every corner of the world, providing services for companies in various sizes.
SHOPIFY believes that 6 River Systems will be able to help our logistics vision to the world.
6 River Systems was founded in 2015 by Christopher Cacioppo, Jerome Dubois, Rylan Hamilton, which is committed to providing an automated logistics solution. According to CrunchBase data, 6 River Systems have obtained $ 46 million in investment in 3 rounds of financing.
It is worth mentioning that Dubois and Hamilton have passed the high-level supervisor of Kiva Systems (now Amazon Robot), this acquisition will also add robotics to SHOPIFY.
6 River Systems The most famous product is a warehouse robot named Chuck, can be co-cultivated by human employees to perform replenishment, sorting, packaging and other logistics work, enhance the efficiency and accuracy of cargo flow transfer in the warehouse.
Although SHOPIFY will incorporate 6 River Systems into Shopify Fulfillment Network, 6 RIVER SYSTEMS’s automated logistics business, Shopify promises to continue to operate. The company’s warehousing robots have been sold to more than 20 logistics centers in the United States, Canada, Europe, and assist completion of millions of delivery services per week.
SHOPIFY claims that the transaction will be completed in the fourth quarter, it is expected to have a substantial impact on this year’s revenue, but will increase $ 25 million, of which $ 10 million is operating costs, 8 million US dollars for intangible assets And $ 7 million of stock-based completion. However, the company is estimated that 6 River Systems will create $ 30 million in revenue in 2020.
One year stock price flip 150%, SHOPIFY is expected to rank among the second largest e-commerce platform
SHOPIFY is actively investment in the logistics field, and it also shows that it expands the intention of the US e-commerce market. Since the last 12 months, Shopify has grown by 150%, and the market value reached 40 billion US dollars (about 1.2 mega of New Taiwan dollar), surpassing US second largest e-commerce platform EBAY $ 34 billion.
In the report released by the research and adjustment, the report released on Monday (9), Shopify is expected to squeeze EBAY this year and become the second largest e-commerce platform only in Amazon and the United States. The agency is speculated that the number of sellers who use Shopify before the end of the year will reach 1 million.
Among the second quarter of the second quarter of SHOPIFY, the revenue was $ 362 million, a year-on-year growth of 48%; at the same time, the sales of sellers reached $ 13.8 billion, and 51% grew than last year, showing an amazing growth rate.