WOGOM completes acquisition of Ckart Online to expand B2B e-commerce footprint
Apr 01, 2024•over 1 year ago
Acquiring Company
WOGOM
Acquired Company
Ckart Online
Description
WOGOM, a prominent player in the B2B marketplace, has strategically acquired Ckart Online, a business division of Creative Newtech Ltd. This acquisition marks a significant expansion of WOGOM’s presence in the B2B e-commerce realm, extending its footprint across India and tapping into over 25 regions with a network of over 8,000 trade partners and representing more than 25 exclusive brands. The acquisition is aimed at enhancing WOGOM’s offerings, adding value to both existing and new customers and partners, and providing a competitive edge in the B2B e-commerce sector.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed