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Mutares acquires Frigoscandia AB

Mutares acquires Frigoscandia AB
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Online marketplace OnBuy gets £35m investment

Poole-headquartered OnBuy.com features more than 7,000 retailers hosting more than 36million products. In four years, it has reached a gross merchandise value of £155m with its first £8m of investment. Cas Paton, founder and chief executive of OnBuy, said; “The global e-commerce market is expected to total 4.2 trillion US dollars by the end of 2021, a figure that is set to grow even more over the next few years. “However it’s alarming to see that the industry is still following the same detrimental and unfair marketplace model that has existed for years. “I created OnBuy to provide something unique: a clear, level playing field – and in our four years of rapid growth, it’s clear to see that this is a model that works to everyone’s advantage.

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