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Fresh2 Group Ltd. Completes Acquisition Of Speedin Inc, A Delivery Service Provider

PRIVATEJul 28, 2023

Acquiring Company

Fresh2 Group

Acquired Company

SpeedIn

New YorkIndiaFood And BeverageTransportationLogistics

Description

Fresh2 Group Ltd., formerly AnPac Bio-Medical Science Co., Ltd. (NASDAQ: FRES) ("Fresh2," the "Company" or "we"), a company with operations in the United States and China focused on the business-to-business e-commerce and supply chain sectors for the restaurant supply and food industry and on early cancer screening and detection, today announced the completion of the acquisition of SpeedIn INC ("SpeedIn"), a delivery service provider by our recently acquired 51% owned subsidiary, Roxe Holding Inc. The Company aims to improve its delivery coverage, speed, accuracy and overall customer satisfaction by integrating SpeedIn's specialized logistics solutions with our e-business activity. The acquisition is expected to enhance the Company's scale and scope to continue to drive growth in the increasingly dynamic and competitive business-to-business e-commerce and supply chain sectors for the restaurant supply and food industry.

Quick answer

Fresh2 Group is acquiring SpeedIn, announced July 28, 2023. Fresh2 Group is based in New York, New York, United States.

How much did Fresh2 Group pay for SpeedIn?
The deal value was not disclosed.
What does Fresh2 Group do?
Fresh2 is an e-commerce platform offering wholesale food supplies for restaurants.
Where are Fresh2 Group and SpeedIn based?
Fresh2 Group is based in New York, New York, United States. SpeedIn is based in India.

Source: Fundz verified event record.

Other recent acquisitions in Food And Beverage and Transportation

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Fresh2 Group

Location

New York, New York, United States

About

Fresh2 is an e-commerce platform offering wholesale food supplies for restaurants. It is committed to helping restaurants reduce procurement costs and increase efficiency by utilizing an intelligent supply chain management system. Fresh2 directly connects with reliable suppliers, ensuring that the food purchased by restaurants are consistent in quality with competitive prices. Fresh2 has opened its platform to multiple categories of suppliers, while also providing a comprehensive supply chain service. By leveraging digital technology and innovative business models, Fresh2 is driving the online transformation of the food supply industry. It seeks to connect the world through food and lead the food industry into the Internet age.

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Frequently asked

Who acquired SpeedIn?

SpeedIn was acquired by Fresh2 Group, based in New York. The deal was reported on July 28, 2023. Fresh2 is an e-commerce platform offering wholesale food supplies for restaurants. Fresh2 Group is privately held and operates in Food And Beverage.

When did Fresh2 Group acquire SpeedIn?

Fresh2 Group's acquisition of SpeedIn was reported on July 28, 2023. Fresh2 Group Ltd., formerly AnPac Bio-Medical Science Co., Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does SpeedIn do?

SpeedIn INC is a delivery service provider, specializing in providing efficient and reliable last-mile logistics solutions for businesses and individuals. It is privately held, operating in Transportation, and is based in India.

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