QeOPS founders will continue to hold a minority stake.
Cargus CEO Jaroslaw Sliwa said the acquisition allows Cargus to extend its services supply, offering its clients personalized e-fulfilment services and to further sustain the company’s commitment towards digitalization and operation streamlining.
The acquisition represents the consolidation of Cargus services supply, which is in line with the company’s strategic investments in the last two years, focused on digitalization and enhancement of clients’ general experience.
Cargus is the second leading business on the parcel delivery market in Romania. Its revenue grew 8% to RON494 million in 2020, from RON454 million in 2019, due to an increase in online commerce against the backdrop of the Covid-19 pandemic.
The company’s investments stood at nearly RON59 million and targeted a warehouse, logistics and IT&C upgrades.