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.
- Industry
- Logistics & Distribution
- Location
- Texas, United States
- Transaction Type
- Buyout
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