GXO announces plans to acquire PFSweb

Greenwich-based global logistics provider, GXO Logistics, has acquired e-commerce order fulfillment services provider, PFSweb, based in Irving, Texas. The acquisition was valued at approximately $181m. PFSweb serves luxury brands and has 11 distribution centers in North America, Belgium, and the UK. GXO CEO Malcolm Wilson stated that the acquisition enhances the company's exposure to high-growth verticals in North America and adds important capabilities to its offerings. The acquisition will expand GXO's service offerings and increase its potential for growth in the US market.

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Frequently Asked Questions - GXO announces plans to acquire PFSweb

Q: What is the announcement regarding GXO's plans to acquire PFSweb?

A: GXO has announced its plans to acquire PFSweb, as reported by Logistics Management.

Q: Where can I find more information about this announcement?

A: For more specific information about this announcement or any related frequently asked questions, it would be best to refer to the original source or contact GXO or PFSweb directly.