Logicbroker Acquires Virtualstock, Creating Global Multi-Party Commerce Powerhouse
Logicbroker, a US-based multi-party commerce technology company, has acquired Virtualstock, Europe's largest dropshipping platform. The acquisition, terms of which were not disclosed, combines two leading players in their respective regions, creating a global powerhouse with over 15,000 retail and brand partners worldwide and a GMV of over $13 billion.
Virtualstock, established in 2004, processes over eight million orders annually with a GMV of over £2 billion. Its platform powers online commerce for major retailers like Aldi, Argos, B&Q, Currys, and John Lewis. Omar Qari, CEO of Logicbroker, highlighted the potential of the combined entity to serve larger enterprise retailers and brands. Ed Bradley, founder and CEO of Virtualstock, expressed excitement about the acquisition and Logicbroker's leadership.
Virtualstock's Supplier Hub connects suppliers directly with buyers at major retailers. This acquisition marks a significant step in Logicbroker's expansion into the European market, following its own growth trajectory from the private equity-backed company it is.
The acquisition of Virtualstock by Logicbroker brings together two influential players in the multi-party commerce technology sector. With a combined GMV of over $13 billion and over 15,000 retail and brand partners worldwide, the new entity is well-positioned to serve larger enterprise retailers and brands, as noted by Omar Qari, CEO of Logicbroker.
Read also:
- First Barge in 2025 Arrives at Onitsha River Port, Sparking Economic Hopes
- Tony Hawk's Memorabilia Auction Raises Record $1.2M for Skatepark Project
- Customs Raid in Germany's Hotel Industry Finds 12 Illegally Present Workers
- Trade Disputes Escalate: Trump Imposes Tariffs, India Retaliates; threatened boycott ranges from McDonald's, Coca-Cola to iPhones
