GXO Logistics, an American global contract logistics company, has announced it will purchase e-commerce order fulfilment provider, PFSweb, for $181 million USD.
Texas-based PFSweb serves a number of luxury brands with distribution centres across North America, Belgium and the UK. It has expertise in delivering fulfilment in key growth areas including health and beauty, jewellery and collectibles.
“PFS is an ideal acquisition for GXO,” said GXO CEO, Malcolm Wilson. “It enhances our exposure to new high-growth verticals in North America and adds important capabilities to our offerings.”
GXO Logistics headquarters are located in Greenwich, Connecticut and it employees more than 30,000 team members across 970 facilities.