GXO Logistics Acquires PFSweb

October 23, 2023

GXO Logistics (NYSE: GXO) completed the acquisition of PFSweb, a U.S.-based tech-enabled eCommerce order fulfillment provider, via a tender offer and second-step merger. The deal values PFSweb at approximately $181 million equity ($7.50 per share), expands GXO's capabilities in high-touch eCommerce fulfillment (including payments, fraud protection and customer care) and broadens its exposure to cosmetics, luxury and other premium verticals.

Buyers
GXO Logistics, Inc.
Targets
PFSweb, Inc.
Location
Texas, United States
Transaction Type
Buyout

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