Logistics company TAM International Pvt. Ltd, which owns e-commerce platforms Surpluss.in and Bizpluss.in, has acquired Thailand-based electronics brands Abaj World in a cash and equity deal, the company said in a press release on Tuesday.
Abaj Electronics is in the business of offering superior technology, space and energy-saving electronic products. As part of the acquisition deal, Abaj will merge all its operations into Tam International. Also, Nirav Patel, the founder promoter of Abaj Electronics who will be joining the board at TAM, will oversee the technology and sourcing of products for both the ecommerce platforms.
Commenting on the deal Tarun Bhardwaj, Executive Director of Surpluss.in said, “Acquiring Abaj Electronics allows TAM International to offer a broader range of services to our wide customer base, increase customer engagement and enter an important and growing adjacent marketplace.”
Headquartered in New Delhi, TAM International has strong contacts in the global sourcing hubs of the Asia Pacific market. Last month, Surpluss.in announced its strategic partnership with Amazon India to sell brand refurbished smartphones on Amazon.