GXO Logistics, Inc. is the world’s largest pure-play contract logistics provider.

PFSweb, Inc. is a premier, tech-enabled eCommerce order fulfillment platform based in the United States.

Contract logistics provider GXO Logistics has acquired luxury fulfillment platform PFSweb for $7.50 per share or an all-cash deal valued at $181M. GXO Logistics will focus on the growth opportunities in jewelry and collectibles, activewear, and CPG categories.

GlobeNewswire: GXO to Acquire PFSweb