◂ Announcements

Sep 23, 2020ACQUISITIONGurugram, India

MonotaRO to acquire majority stake in Industrybuying via JV with Emtex Engineering

Japanese B2B ecommerce company MonotaRO will invest $15 million in a joint venture with Emtex Engineering, acquiring a 51.6% stake in Industrybuying.com, Emtex's SME supply business. The deal was announced on September 23, 2020.

Value

$15.0M

Status

Announced

ProductsSME ecommerce supply

CompaniesMonotaRO acquirer Emtex Engineering target Industrybuying.com target

“MonotaRO will acquire a majority stake in Gurugram-based Industrybuying.com, which is the SME supply business of Emtex Engineering.”moneycontrol.com

1 source
moneycontrol.comJapan's MonotaRO invests $15 million in Industrybuying, enters into JV with parent companyMoneycontrol NewsSep 25, 2020

Summarized from public sources; check the original articles before acting on it.

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