Founded in 2014 and based in Vilnius, Kaunas and Klaipėda, Visas transportas UAB handles around 20,000 orders per month. The company has two products: the Siusk24 parcel platform, serving primarily small and medium B2X clients; and the Cargobooking platform, which handles larger cargoes and freight. The acquisition has a strong strategic rationale, supporting Alsendo's international expansion and giving the business an immediate footprint in the Baltic parcel services market.
The transaction follows Alsendo's earlier add-ons of: Sendit, a parcel services platform in Poland (July 2021); Zaslat, a technology-enabled parcel services platform focused on consumers and corporate clients in the Czech Republic and Slovakia (September 2022); Innoship, a Romanian SaaS carrier management software provider (October 2022); and Ecolet, a B2X focused parcel services platform in Romania (April 2023).
“This is another step in Alsendo's journey to build the largest tech-enabled delivery management solutions provider in Central Europe. We are committed to achieving further international growth and driving investment in value creation, and the acquisition of Siusk24 and Cargobooking supports these goals. We remain focused on our ambitious buy-and-build strategy, and sustainable development of the organization through technological enhancement, international expansion and team integration,” said Edgar Kolesnik, partner at Abris Capital Partners.
The acquisition of Visas transportas UAB will support Alsendo's cross-border operations as an e-commerce enabler through access to new customer groups, known-how and technology, at the same time as allowing the business to deliver potential synergies. In addition, it supports Alsendo's position as a logistics technology sector consolidator across Central Europe, bringing in new geographies and unlocking cross-selling potential across the wider group.
Abris originally acquired Alsendo (then called apaczka) in November 2020, with a plan to capitalize on the ongoing growth of e-commerce globally, at the same time executing an ambitious organic and acquisitive expansion program. Alsendo is now the largest delivery management solutions provider in Central Europe, operating as an end-to-end multi-carrier shipment intermediary dedicated to e-commerce platforms, marketplaces, global enterprises and SMEs, cooperating with the leading players in the regional courier delivery market.
Magda Magnuszewska, CEO of Alsendo, added: “We are happy to welcome the Siusk24 and Cargobooking teams and business to the Alsendo family. This is the most recent stage of our consolidation of the logistics sector in Central Europe. We have built a wealth of experience integrating businesses into the Alsendo platform and we continue to pursue our strategy of transitioning to a technology-driven, sustainable business model and expanding internationally.”
Egidijus Breikštas, CEO and Co-Founder of Visas transportas UAB, commented: “This is an exciting development for Siusk24 and Cargobooking, bringing us into a wider group, which will allow us to unlock new growth opportunities and support Alsendo as it seeks to drive international expansion in the cross-border segment. We have seen stable growth over the past year as we have focused on scaling the business and building our technology platform and commercial capabilities, and I look forward to this next chapter in our story with Alsendo.”
