TAM International, a logistics company with global footprints and the owner of two well-known brands Surpluss.in (B2C) and Bizpluss.in (D2R), announced a definitive agreement under which TAM has acquired Thailand based brand of electronics, Abaj World.
The deal, which was a mix of cash and equity, will see Mr. Nirav Patel, Founder Promotor, Abaj Electronics, join the board at TAM. Abaj will merge its entire operations into TAM International. Mr. Patel will drive the technology and sourcing of specific products for Surpluss.in and Bizpluss.in. The company is yet to decide whether Mr. Patel will be in India or abroad.
Abaj Electronics is a thai brand committed to bring the best blend of superior technology, space and energy-saving devices housed in a unique design, making it an engineering delight.
Mr, Tarun Bhardwaj, Executive Director, Surpluss.in says, “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. Abaj’s presence in international market – will help us accelerate our expansion.”
According to Mr. Nirav Patel, Abaj Electronics, “Becoming part of TAM International represents an exciting new chapter for Abaj, which will help accelerate our time-to-market in unserved geographies and expand the ways we can innovate for customers. Being part of a larger, ecommerce organization will help us deliver the best possible experience to our customers, while maximizing value for our shareholders.”