Stock Report

HCKK Ventures announces Strategic Merger of Softlink Global

Posted On : 2023-11-20 20:05:16( TIMEZONE : IST )

HCKK Ventures announces Strategic Merger of Softlink Global

In a landmark development, HCKK Ventures Limited, a multi-faceted software and services provider, has officially announced merger of Softlink Global Private Limited, a global leader in logistics technology solutions with HCKK subject to market regulators approval. This strategic move, with HCKK Ventures acquiring Softlink at an approximate valuation of Rs 430 crore, marks a significant step forward in the technology and logistics sectors, aimed at maximizing the potential of both businesses and enhancing value for shareholders, customers, and employees.

The acquisition of Softlink Global by HCKK Ventures is a pivotal move in the industry. Softlink, renowned for its consistent year-on-year growth exceeding 30%, brings a wealth of expertise and a strong market presence to the table. This acquisition is not just a testament to Softlink's success but also a strategic move by HCKK Ventures to diversify and strengthen its portfolio in the technology sector.

Apurv Bhargava, Managing Director of HCKK Ventures, emphasizes the strategic importance of this acquisition. "Acquiring Softlink Global at an approximate valuation of 430 crore is a significant milestone for HCKK Ventures. Given Softlink's edge in logistics technology, its global presence, annuity revenue model, high EBITDA, and consistent growth trajectory, we are confident this acquisition will bring immense value to HCKK shareholders. Softlink's potential for future growth aligns perfectly with our vision for expansion and value creation.

Similarly, post-merger, Softlink Global, with its software used in over 45 countries by 4500 customers and over 1 million users, is set to benefit from enhanced capital access. This will enable the company to accelerate its innovation in software solutions, further solidifying its position as a leader in global logistics technology.

Amit Maheshwari, Founder & CEO of Softlink Global, shares his perspective on this new chapter. "Joining forces with HCKK Ventures is a game-changer. It will amplify our capabilities and help us reach new heights in technological innovation and market expansion, reinforcing our commitment to our customers and the industry at large."

Way forward this merger represents a strategic fusion of vision, expertise, and technology, aiming to set new benchmarks in the logistics and technology sectors. HCKK Ventures and Softlink Global are poised to redefine industry standards, offering unparalleled value to their stakeholders and leading the way in technological innovation and customer service excellence.

Shares of HCKK Ventures Ltd was last trading in BSE at Rs. 120.10 as compared to the previous close of Rs. 126.40. The total number of shares traded during the day was 46313 in over 46 trades.

The stock hit an intraday high of Rs. 120.10 and intraday low of 120.10. The net turnover during the day was Rs. 5562191.00.

Source : Equity Bulls


HCKKVentures INE345Q01017 Merger SoftlinkGlobal