GXO Logistics Inc has announced the successful completion of its acquisition of U.S.-based PFSweb Inc, a tech-enabled eCommerce order fulfilment platform.
GXO CEO Malcolm Wilson said: “Today’s acquisition marks an important step on GXO’s path to expand its exposure to new high-growth verticals in North America and adds valuable capabilities that will directly benefit our customers. We are excited to officially welcome the talented PFSweb team to GXO.”
The acquisition will expand GXO’s offering in high-growth verticals, including cosmetics and luxury goods, across North America and Europe by leveraging PFSweb’s relationships with more than 100 brands. It will also capitalise on PFSweb’s key service capabilities ranging from high-touch customer care, secure payments and fraud protection to distributed order orchestration systems on which many high-end brands rely.
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