MercadoLibre buys Brazilian logistics operator

MercadoLibre buys Brazilian logistics operator

Corporate & Sovereign Strategy M&A Argentina Latin America Brazil Colombia Mexico Commerce Retail shopping Coronavirus

MercadoLibre, the biggest e-commerce company in Latin America, said Wednesday that it agreed to buy 100% of Kangu, a Brazilian logistics company with operations in Brazil, Colombia and Mexico, as it continues to expand the business in the region on rosy growth prospects. The acquisition "is consistent with the [MercadoLibre's] strategy of increasing investment across its logistics network to boost efficiency for sellers and offer its thousands of customers the fastest delivery times in Brazil,"

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