Flexport acquires Shopify’s fulfillment business

Digital-oriented freight forwarder Flexport has agreed to acquire the logistics arm of publicly traded Shopify Inc. and Deliverr, the tech-enabled shipping services provider Shopify bought last year for $2.1 billion, moving the emerging import-export firm into e-commerce fulfillment and last-mile delivery.

In exchange for its fulfillment assets, Shopify will receive a 13% stake in Flexport and a seat on the board, Flexport CEO Dave Clark told FreightWaves.

The deal is the first since Clark, who...

https://www.freightwaves.com/news/flexport-acquires-shopifys-fulfillment-business

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