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Shippit buys Singapore start-up

Global law firm DLA Piper has advised Shippit on its acquisition of Singaporean start-up Luwjistik.

November 11, 2022 • By Emma Musgrave
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Shippit buys Singapore start-up
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Firms: DLA Piper (Shippit); Undisclosed (Luwjistik)

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Deal: Shippit has acquired Luwjistik.

 
 

Value: Approximately $18 million

Area: Merger and acquisition

Key players: The DLA Piper team was led by partner Dylan Burke with support from partner Joel Cox and solicitor Mariana Estifo.

Singapore-based partner Kat Chew and associates Karen Lee and Jia De Yam also assisted on the deal.

Deal significance: Shippit is a logistics technology company founded in 2014. The company aims to help retailers “ship smarter, optimise their fulfilment and share better post-purchase experiences”.

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Meanwhile, Luwjistik is the creator of a unified API that allows freight forwarders, couriers and third-party logistics companies to connect with network partners globally.

“We were pleased to advise Shippit on this transaction, which will help to materialise the company’s expansion plans in south-east Asia,” said lead partner on the deal Dylan Burke.

“This deal demonstrates DLA Piper’s capabilities as a global law firm in facilitating complex cross-border transactions.”

Commenting further, William On, Shippit’s co-founder and joint chief executive, said: “This is a landmark deal for Shippit and one which is fundamental to driving growth and our international expansion.” 

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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