Comunicato stampa

GXO to acquire PFSweb

Greenwich, USA  |  Settembre 14, 2023

  • Acquisition of leading U.S.-based eCommerce order fulfillment platform expands GXO’s presence in North America, increases exposure to compelling, high-growth verticals and adds key service capabilities.
  • Transaction expected to close in fourth quarter 2023.

GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, and PFSweb, Inc. (Nasdaq: PFSW), a premier, tech-enabled eCommerce order fulfillment platform based in the United States, today announced they have entered into a definitive agreement pursuant to which GXO will acquire PFSweb for $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb’s cash balance of $39 million at June 30, 2023.

Texas-based PFSweb is a leading e-commerce order fulfillment provider, serving some of the most iconic luxury brands in the world through 11 distribution centers across North America, Belgium, and the U.K. PFSweb has significant expertise delivering seamless, high touch fulfillment in key growth verticals, including health & beauty, jewelry and collectibles, activewear, and prestige CPG categories, where it has established lasting relationships through an array of solutions and services that deliver an unforgettable unboxing experience.

GXO CEO Malcolm Wilson said, “PFS is an ideal acquisition for GXO: it enhances our exposure to new high-growth verticals in North America and adds important capabilities to our offerings. Over the past 25 years, the PFS team has established a successful track record in both direct to consumer and B2B channels, and they’ve built a rock-solid reputation with many of the world’s most iconic brands by deploying an order fulfillment platform that rivals the largest enterprise 3PL providers in the industry. We’re excited to bring them on board and look forward to driving additional shareholder value through disciplined capital allocation and continued investment in high growth opportunities.”

Strategic Benefits:

  • GXO to immediately add to its customer portfolio in short cycle, high volume product categories.
  • GXO to further expand its U.S. offering in cosmetics and luxury leveraging PFSweb’s client relationships that service more than 100 brands, including L’Oréal USA, Champion, Pandora, Shiseido Americas, Kendra Scott, and the United States Mint.
  • GXO to capitalize on PFSweb’s technology and services with expanded offerings to GXO’s current North America and European customers.
  • In addition to an end-to-end 3PL fulfillment offering, PFSweb provides three value added services that will expand GXO’s suite of capabilities: payments and fraud protection, customer care and distributed order orchestration systems.

PFSweb CEO Mike Willoughby said, “GXO’s industry leadership, global scale and significant capital resources make their platform a strong strategic partner for PFS. In joining GXO, we can deliver our proven, branded order fulfillment and support services to an expanded base of premier clients, as well as further enhance GXO’s global fulfillment network. The GXO team shares our commitment to top-quality client relationships and execution, and we look forward to our future together.”

Terms of the Transaction

The merger agreement provides for GXO, through a subsidiary, to commence a tender offer to acquire all outstanding shares of PFSweb at an all-cash price of $7.50 per share of PFSweb common stock. The closing of the tender offer will be subject to certain conditions, including the tender of at least a majority of the outstanding shares of PFSweb common stock, the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. Upon the successful completion of the tender offer, GXO will acquire all shares not acquired in the tender through a second-step merger. The transaction is expected to close in the fourth quarter of 2023.


Il consulente finanziario di GXO per la transazione è stato Goldman Sachs, mentre il consulente legale è stato Wachtell, Lipton, Rosen & Katz. Il consulente finanziario di PFSweb per la transazione è stato Raymond James & Associates, Inc. e il consulente legale FisherBroyles, LLP.

A proposito di GXO Logistics

GXO Logistics, Inc. (NYSE: GXO) è il più grande provider pure-player di contract logistics del mondo e sta beneficiando della rapida crescita dell'e-commerce, dell'automazione e dell'outsourcing. GXO è impegnata a fornire un ambiente di lavoro diversificato e di prim’ordine per circa 130.000 dipendenti in più di 970 depositi per un totale di circa 18,5 milioni di metri quadrati. L'azienda collabora con le principali aziende blue-chip del mondo per risolvere complesse sfide logistiche con soluzioni tecnologicamente avanzate di supply chain ed ecommerce, scalabili e veloci. La sede centrale di GXO è a Greenwich, Connecticut, USA. Visitate

About PFSweb

PFS, the business unit of PFSweb, Inc. (NASDAQ: PFSW) is a premier eCommerce order fulfillment provider. We facilitate each operational step of an eCommerce order in support of DTC and B2B retail brands and specialize in health & beauty, fashion & apparel, jewelry, and consumer packaged goods. Our scalable solutions support customized pick/pack/ship services that deliver on brand ethos with each order. A proven order management platform, as well as high-touch customer care, reinforce our operation. With 20+ years as an industry leader, PFS is the BPO of choice for brand-centric companies and household brand names, such as L’Oréal USA, Champion, Pandora, Shiseido Americas, Kendra Scott, the United States Mint, and many more. The company is headquartered in Irving, TX with additional locations around the globe. For more information, visit or for investor information.


GXO Investors

Chris Jordan

+1 (203) 536-8493

[email protected]

PFSweb, Inc. Investor Relations

Cody Slach or Jackie Keshner, Gateway Group, Inc.


[email protected]