Gxo to acquire pfsweb

Greenwich, conn., sept. 14, 2023 (globe newswire) --   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.
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