GXO buys ecommerce 3PL PFSweb for $181 million
Contract logistics provider GXO Logistics Inc. has announced its acquisition of PFSweb Inc. for $181 million. After the deal is closed in Q4, PFSweb will operate as a division within GXO and be removed from the Nasdaq Stock Exchange. PFSweb will benefit from GXO's scale, technology, and capital resources. PFSweb offers e-commerce fulfillment services to premium brands including L'Oréal USA, Champion, and Pandora. The company has 12 global locations.
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Frequently Asked Questions
Q: Who is acquiring PFSweb?
A: GXO Logistics is acquiring PFSweb for $181 million.
Q: How much is the acquisition deal worth?
A: The acquisition deal is worth $181 million.
Q: What is PFSweb's expertise?
A: PFSweb's expertise is in direct-to-consumer e-commerce fulfillment for premium brands.
Q: What is GXO's goal with this acquisition?
A: GXO's goal with this acquisition is to increase its presence in apparel, footwear, and health and beauty sectors.
Q: Where is PFSweb based?
A: PFSweb is based in Texas, USA.
Q: When was PFSweb acquired by GXO Logistics?
A: PFSweb was acquired by GXO Logistics in September 2023.