E-commerce platform SPEED has been acquired by X-ERA, a digital business solutions company. SPEED is an affiliate of SPEED International for Distribution & Logistics.
The acquisition is a significant step forward in the digital transformation, which aims to connect FMCG supplies with small – medium merchants, retailers, and, eventually, consumers via digital platforms. As a digital business solution provider, X-ERA is currently redesigning SPEED with its partners to make it more user-friendly, as well as expanding the features and benefits available to FMCG merchants and retailers. According to X-ERA, its mission is to redevelop the informal market through innovative business solutions and enabling technologies tailored to the needs of retailers in various geographic areas.