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Global-e closes USD 350 million acquisition of Passport

PUBT · 2d ago

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Global-e closes USD 350 million acquisition of Passport

Global-e closed its acquisition of Passport, a US-based cross-border e-commerce logistics and solutions company.
USD 350 million consideration split roughly evenly between cash on hand and Global-e ordinary shares.
Deal includes up to USD 75 million contingent consideration tied to Passport financial results in 2026.
Transaction adds an asset-light, multi-carrier shipping network, supporting direct injection and consolidated returns.
Passport brand to offer a non-Merchant of Record solution; founder and CEO Alex Yancher to lead Passport as a Global-e division.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Global-e Online Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607011602PRIMZONEFULLFEED9755798) on July 01, 2026, and is solely responsible for the information contained therein.

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