WeCommerce Acquires Archetype Themes
August 6, 2021
WeCommerce Holdings Ltd. signed a definitive agreement to acquire substantially all of the assets of Archetype Themes Inc. for US$20.0 million upfront plus contingent consideration of up to US$12.0 million (total consideration up to US$32.0 million). Archetype is a leading designer of premium Shopify themes (used by over 60,000 merchants); the acquisition expands WeCommerce's portfolio of Shopify-focused technology businesses and theme offerings.
- Buyers
- WeCommerce Holdings Ltd.
- Targets
- Archetype Themes Inc.
- Industry
- E-Commerce
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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