Unicommerce announces acquiring e-commerce technology platform Shipway

Unicommerce, a software development company that enables e-commerce, on Tuesday announced acquiring Shipway, another such platform, in a two-step process.

In the first tranche, Unicommerce will acquire a 42.76 per cent stake in Shipway for a cash consideration of Rs 68.4 crore. It will acquire the balance stake within a year by way of a merger or stock swap through an issue of equity shares.