Evri has acquired Coll-8, a leading Irish customs clearance and logistics specialist, to significantly enhance its delivery capabilities and streamline operations in the Republic of Ireland and the wider EU market.
Target Company Overview
Evri has recently acquired Coll-8, a prominent customs clearance and logistics specialist in Ireland. This acquisition is part of Evri's strategy to enhance its international service capabilities and optimize delivery processes in the Republic of Ireland and the wider European Union. Coll-8 has established itself as a leader in the logistics space, particularly since its inception in 2021. Under the leadership of founder Dave Field, Coll-8 has built a significant client base that includes well-known retailers such as Boots and Boohoo, all of which are also serviced by Evri.
Industry Overview in Ireland
The e-commerce market in the Republic of Ireland is experiencing rapid growth, with projected revenues reaching €5.4 billion this year. This growth reflects an increasing consumer shift towards online shopping, creating heightened demand for efficient and reliable logistics solutions. As e-commerce continues to expand, the importance of streamlined customs clearance processes becomes essential for facilitating international trade.
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Coll-8 stands out in this growing market by offering a bespoke digital platform that automates customs clearance, thereby expediting the processing of cross-border trades. With over 500 pick-up an
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Evri
invested in
Coll-8
in 2023
in a Other deal
Disclosed details
Revenue: $5M