Logistics company TAM International Pvt. Ltd, which owns ecommerce sites like Surpluss.in and Bizpluss.in, has acquired Abaj World in a cash and equity deal.
Abaj Electronics is a Thailand-based electronics brands that offers superior technology, space and energy-saving devices.
Under the deal terms, Abaj World will merge its entire operations into TAM International.
Also, Nirav Patel, founder promotor of Abaj Electronics will join TAM’s board and will be in charge of overseeing the technology and sourcing of products for both the ecommerce platforms viz Surpluss.in and Bizpluss.in.
Tarun Bhardwaj, Executive Director of Surpluss.in said that acquiring Abaj Electronics will allow TAM International to offer broader range of services to its wide customer base, increase customer engagement and enter an important and growing adjacent marketplace.
Bizpluss.in that started its operations in January this year is an e-service platform which puts the distribution and retail business on cloud. It helps manufactures to sell and distributor, dealers and corporate to buy directly. The company had launched Abaj in the consumer electronics category.