Avance Technologies is set to acquire Excess2Sell.com, a leading Indian platform for overstock inventory liquidation, aiming to enhance its market position and operational capabilities.

Information on the Target

Avance Technologies has recently announced a strategic initiative that has significantly impacted its stock performance. The company, which specializes in distributing IT products and offering a wide range of technology-related services, has signed a non-binding term sheet to acquire Excess2Sell.com, a leading tech-enabled B2B overstock inventory liquidation marketplace in India. This acquisition is subject to necessary due diligence and regulatory approvals, marking a pivotal moment for Avance Technologies as it seeks to enhance its operational capabilities and market presence.

Excess2Sell.com operates a scalable platform specifically designed to address the challenges of overstock inventory in the retail sector. By facilitating the efficient liquidation of surplus stock for manufacturers, wholesalers, and retailers, Excess2Sell.com positions itself as a vital player in a market increasingly recognized for its potential to provide solutions to a persistent retail issue.

Industry Overview in India

The inventory liquidation industry in India has witnessed substantial growth in recent years, driven by an expanding retail sector and increasing consumer demand. As the country continues to embrace e-commerce and digital sale