Venipak acquires Dutch e-commerce wholesaler
Lithuanian-owned international parcel delivery company Venipak has acquired Strengholt Entertainment, an e-commerce wholesaler based in the Netherlands.
Venipak expects to use this transaction as a basis to expand its e-fulfilment, or full e-commerce order fulfilment portfolio in Europe and increase its air freight services in Europe, Asia and the Americas.
The company’s business model will also change – logistics will be complemented by wholesale channels for e-commerce, Venipak said. Venipak plans to set up around 20 e-fulfilment centres in Europe, where it will distribute the most relevant goods for that region.
Plans are also underway to include Chinese and, in the future, US branches in the wholesale trade, bringing high-quality domestically produced goods to Europe.
Venipak currently operates in the Baltic States, Poland, and China. The company operates 251 self-service parcel delivery terminals in Lithuania and 201 in Latvia. In Estonia, the network of self-service parcel delivery terminals is currently being rolled out and two thirds of the planned 151 are already operational. (ben)