Deal Snapshot
Global-e to Acquire Borderfree Cross-Border e-Commerce Service from Pitney Bowes
Tuesday 21 June 2022

Israel-based retailer cross-border platform Global-e (NASDAQ: GLBE) has entered into a definitive agreement with US-based shipping and mailing company Pitney Bowes (NYSE: PBI) to acquire the global shipping and mailing company's Borderfree cross-border ecommerce solutions business, the company said.

Borderfree helps retailers enter new global markets by localizing their domestic website in 200+ countries and territories, simplifying compliance and regulations processing. In addition, the companies will begin a strategic partnership and commercial relationship whereby Pitney Bowes will provide cross-border ecommerce logistics services to Global-e and its clients.

Date Published: 21/06/2022