E-commerce platform Global-e buys Borderfree for $100m

• Published date: 21 June 2022
• Publication title: Globes (Rishon LeZion, Israel)

Pitney Bowes, which provides technological, logistical and financial solutions for shipping, parcels, post and e-commerce bought Borderfree in 2015 for $450 million

The deal includes a strategic partnership between Global-e and Pitney Bowes in which Pitney Bowes will provide logistics services to Global-e and its customers and will receive access to Global-e's platform for its customers. The acquisition and the partnership will strengthen the solutions offered by Global-e for large organizations as the two companies combine their capabilities.

Global-e cofounder and president Nir Debbi said, "This acquisition follows our strategy to support the global expansion of brands of all sizes in the most sophisticated way possible. By partnering with Pitney Bowes and utilizing Borderfree's demand generation capabilities, Global-e will continue to enhance the value it brings to global brands looking to fully capitalize on their cross-border D2C channel. In addition, the acquisition will further cement our leadership as the end-to-end solution of choice for any size of merchant, from small and emerging brands all the way to the world's largest enterprise brands."

Global-e cofounder and CEO Amir Schlachet added, "Borderfree shares our values and aspirations to help brands become global."

The transaction is expected...