Acquisition focuses on asset-light carrier capabilities and offering of competitive best in class cross-border, domestic and "last mile delivery" standard logistics, supporting sophisticated solutions such as direct injection, consolidated returns and customs brokerage
Will enable expansion of global offering to merchant segments that require a Non-Merchant of Record solution, leveraging the existing Passport platform
PETAH-TIKVA, Israel, May 26, 2026 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (NASDAQ:GLBE) ("Global-e" or the "Company"), the platform powering global direct-to-consumer e-commerce, today announced that it has entered into a definitive agreement (the "Agreement") to acquire Passport Global Inc. ("Passport"), a US-based cross-border e-commerce logistics and solutions company.
The acquisition of Passport will further strengthen Global-e's logistics capabilities, adding advanced standard shipping solutions powered by an efficient, asset-light, multi-carrier network across cross-border, domestic, and last-mile deliveries. The acquisition will also enhance Global-e's ability to execute direct injection and consolidated returns, supporting the delivery of scalable and cost-effective logistics solutions.
Passport will also continue to provide a non-Merchant of Record (non-MoR) solution, expanding Global-e's offering to a broader and more diverse range of merchant segments.
The acquisition is expected to strengthen Global-e's value proposition by increasing control over critical logistics workflows, including fulfillment, delivery, and returns. We believe this unified experience will enhance the Global-e offering, providing merchants with end-to-end service delivery, including duty clearance, reducing delays and discrepancies, and facilitating customs brokerage.
"We are excited to welcome Passport to the Global-e family," said Nir Debbi, President of Global-e. "This acquisition represents a significant step forward in our strategy to deepen our logistics and trade compliance capabilities to deliver a seamless, end-to-end logistics experience for our merchants and their customers. By integrating Passport's advanced cross-border logistics infrastructure and multi-carrier network, we plan to extend our suite of advanced shipping solutions, increase standard shipping reliability, and enhance the post-purchase experience. We believe this combination will further differentiate Global-e's platform and reinforce our position as the leading enabler of global e-commerce."
"Joining Global-e marks an exciting new chapter for Passport," said Alex Yancher, Founder and CEO of Passport. "We built our company to simplify and optimize cross-border logistics, and partnering with Global-e allows us to accelerate that mission on a global scale. Together, we will be able to deliver more efficient shipping solutions, improve transparency, and reduce friction in international trade for merchants and customers alike. We are thrilled to combine our expertise with Global-e's platform to drive innovation in cross-border e-commerce, and create even greater value for our merchants and their customers."
Global-e agreed to acquire Passport for $350 million in upfront consideration, funded via approximately equal portions of ...
