Moglix today announced the acquisition of ADI’s India distribution business to spread its arms further into industrial goods distribution. ADI’s India business represents the Indian distribution arm of ADI Global Distribution, a leading global wholesale distributor of security, AV and low-voltage products, which is part of Resideo Technologies, Inc.
Moglix has acquired ADI’s India distribution business with an aim to strengthen its product portfolio across video surveillance, access control and fire control products. Moglix will integrate all ADI India’s offerings, sales partnerships, on-ground assets and the workforce into its global supply chain ecosystem. With this acquisition, Moglix is leveraging the capital and expertise to further scale up the assortment strength, and category depth of the company’s catalogue by 2X.
In January this year, Moglix reached an impressive valuation of USD 2.6 billion after receiving funding of USD 250 million from the F series funding round. With 1 million+ SKUs across 50 categories, Moglix offers the largest catalogue of industrial goods in the enterprise and SMEs procurement space in India.
Speaking on the acquisition, Founder & CEO, Moglix, Rahul Garg said, “We are excited to welcome ADI India to the Moglix family. The integration of ADI India’s distribution network aligns with Moglix’s vision to create India’s largest distribution network for OEM brands across categories and take Indian manufacturing supply chain capabilities to the world. As we realise our mandate for growth and global expansion, we will continue to utilize funds to build a strong product portfolio and digital supply chain network for our customers and create value for all stakeholders.”
ADI India is a leading distributor of security and low voltage products across the region with expertise in numerous product categories including security and surveillance. ADI India operates 11 branch locations and represents more than 60 leading brands to provide customers with a comprehensive range of products and services.
Sharing his thoughts on how these acquisitions will strengthen Moglix’s portfolio of customer offerings, Managing Director-New Business & Growth, Partha Dash said, “ADI India has built a legacy of providing industry leading distribution services, product assortment and extensive project support services. Its addition to Moglix ecosystem enables synergies through their on- ground customer touch points and distribution footprint combined with our asset-light digital-first approach and touchless supply chain processes.”
With end-to-end supply chain operations from strategic sourcing, digital procurement to financing, Moglix is a global digital supply chain solutions company. Its global sourcing and delivery footprint spans across 1000+ large enterprises, 500,000+ MSMEs and 18,000+ suppliers across India and the Middle East.