Merchant Technology Ltd (MT) has completed the acquisition of Leading Ecommerce Company, Good Sixty Ltd for a shares based consideration.
Good Sixty is one of the largest marketplace platforms for Independent Shops & Stores. The acquisition is for new shares in Merchant Technology.
“This transaction holds significant strategic and operational value for our company,” said Dominic Brookman, Merchant Technology CEO. “The Good Sixty product offering is wholly complementary to Online High Street, a brand we’re already managing.”
The acquisition brings 64,000 new customers to the various MT-managed platforms and 50K new products. On the corporate front, 350+ new shareholders are joining the Merchant Tech family.
Some key highlights on Good Sixty:
- Over £4.5m in sales revenue to date
- Over 1,000 retailers contracted
- 230,000+ Orders Processed
- Long Term Contract with Camden Market
- New contracts lined up with Markets in the USA & Canada
- Fully integrated courier delivery model with operations across the UK