PCH acquires Canadian e-commerce startup ShopLocket
PCH International has purchased Toronto e-commerce startup ShopLocket to provide product development solutions for hardware startups. The terms of the acquisition deal were not disclosed, according to TechCrunch.
ShopLocket was originally designed to allow users to sell anything quickly through their online presence. After the acquisition, the firm will operate as a sub-brand of PCH, the report detailed.
PCH was founded by Irish businessman Liam Casey. The company functions as the go-between for big electronics firms and their Asian suppliers, the report said.
The deal will allow both PCH and ShopLocket to use their expertise in providing product updates for other firm's hardware Kickstarter projects. The team-up will hopefully produce a more satisfying crowdfunding experience for the buyer of the said products, the report explained.
According to Casey, one of the benefits of the acquisition is PCH's ability to make exclusive products for its clients. There is also the opportunity to grant membership-based early access to certain products made by its startup partners. Because PCH already has factories standing by, the company has an edge when it comes to supplying for those interested in crowdfunded hardware projects, TechCrunch reported.
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