Digital Goodie acquires UK-based Maginus
Digital Goodie, the Finnish creator of a digital platform for headless connected commerce, has acquired Maginus, a UK-based company developing e-commerce software and technology solutions for mid-market retailers and distributors.
The two companies share extensive synergies, and with joined forces, the new company has an expanded market presence, a significantly broader product offering and enhanced competencies. The company will be able to serve multiple retail segments, i.e. Grocery and General product categories.
Initially, the plan is to expand in Europe and eventually target major global markets with the help of Digital Goodie’s main owner Black Dragon Capital. Moris Chemtov, CEO of Digital Goodie comments: “This acquisition is an exciting strategic decision for both companies as we have such strong synergies both on the product side and in market presence." (mw)