GXO’s New Acquisition Expands North American Presence

GXO Logistics is acquiring e-commerce order fulfillment platform PFSweb for $181 million. The acquisition will allow GXO to expand its operations in high-volume product categories like luxury goods and cosmetics. GXO operates primarily in Europe, while PFSweb generates most of its revenue from North America. PFSweb operates 11 fulfillment centers and is planning to open two more in the US. The deal is expected to close in Q4 2023.

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Frequently Asked Questions

Q: What is GXO's new acquisition?

A: GXO's new acquisition is a leading U.S.-based eCommerce order fulfillment platform. Source

Q: How does the acquisition expand GXO's presence?

A: The acquisition expands GXO's logistics footprint in North America and increases its exposure to new market segments and opportunities. Source

Q: What is the value of the acquisition?

A: The acquisition of the leading U.S.-based eCommerce order fulfillment platform by GXO is valued at $181 million. Source

Q: When did the acquisition happen?

A: The acquisition by GXO took place in September 2023. Source

Q: What are the benefits of the acquisition for GXO?

A: The acquisition expands GXO's presence in North America, enhances its logistics capabilities, and increases its exposure to the eCommerce market. Source