TTA Acquires 60% of SKOOTAR, Paving the Way for Online Food-Document Delivery Services

Thoresen Thai Agencies Public Company Limited (TTA) announced that V Ventures Technologies Co., Ltd. (VVT), a 99.99 percent owned subsidiary of TTA, has entered into agreements to acquire a 60 percent stake in Skootar Beyond Company Limited (SKOOTAR).  This investment has a transaction value of Baht 100 million. 

SKOOTAR has its registered capital Baht 1,500,000 divided into 300,000 shares with a par value of Baht 5 per share. VVT will utilize cash flow supported from TTA as a source of funds for investing in SKOOTAR.

SKOOTAR is a private company incorporated under the laws of Thailand and has been generating commercial income since the year 2016 with the purpose of engaging in an online platform for on-demand messenger services. SKOOTAR owns and develops a mobile  application and website called “SKOOTAR” covering services of documents/parcel delivery, billing, cheque collection/deposit, cash collection on delivery and food delivery. Messengers who serve customers via the application/website have registered with the said platform.

The main purpose to invest in SKOOTAR is to expand the potential for TTA’s business operation in the segment of logistics in order to cover the online platform as well as to support TTA’s existing business especially Food and Beverage for a full-service operation.