Mercado Libre announced the purchase of 100% of the Kangu parcel delivery platform, expanding its commitment to its own logistics as a differential in Latin America, one of the regions where e-commerce is growing the most in the world.
In the specific case of Kangu, Mercado Libre tries to close some gaps that became more evident with the explosion of e-commerce, such as the delivery of packages at alternative points, which can also be used for collection to serve a growing number of local sellers.
The transaction, for an undisclosed amount, takes into the Mercado Libre the structure of around 5,000 Kangu points spread across 700 cities in Brazil, in addition to Mexico and Colombia. The acquisition comes after Mercado Libre announced two new distribution centres in Brazil, one in Greater Sao Paulo, the other in Belo Horizonte, using part of the investment planned for 2021 of USD 2 billion, to expand its geographic reach and reduce delivery times.
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