Bulgarian logistics and courier services provider to the e-commerce industry euShipments.com said on Friday it has opened its first fulfillment centre outside its home market, in Hungary, building on a recent reported investment of up to 7.5 million euro ($8.3 million) by Sofia-based private equity firm BlackPeak Capital.
The new packing warehouse will be a service hub for all of central Europe and will enhance accessibility to the markets of Hungary, Slovakia, Slovenia, Czechia, Poland, Austria, Italy and Croatia for Bulgarian e-commerce exporters while making deliveries faster and more competitive, euShipments.com said in a statement.
In 2021, the Bulgarian company handled 820,000 international parcel deliveries from e-commerce firms to all countries of the European Union as well as the UK. Its main logistics centre is based in Ruse, with the Romanian market having been favoured in recent years.
Corporate law firm Schoenherr said on Thursday that it advised BlackPeak Capital in connection with their investment in euShipments.com.
BlackPeak Capital is a private equity firm focusing on growth equity investments in Southeast Europe – Romania, Bulgaria, Slovenia, Croatia and Serbia.