This deal feels right, Global-e (NASDAQ: GLBE) to acquire Passport for $350 million to expand logistics

Global-e Online Ltd. (NASDAQ: GLBE) announced it has entered into a definitive agreement to acquire Passport Global Inc., a US-based cross-border e-commerce logistics company, for $350 million in upfront consideration.

The acquisition will be funded through approximately equal portions of cash and Global-e ordinary shares. An additional contingent payment of up to $75 million depends on Passport achieving certain financial results in 2026.

Passport operates an asset-light, multi-carrier network providing cross-border, domestic, and last-mile delivery services. The company offers logistics solutions including direct injection, consolidated returns, and customs brokerage services.

The acquisition aims to strengthen Global-e’s logistics capabilities and expand its offering to merchant segments requiring a non-Merchant of Record solution. Passport will continue operating its existing platform following the transaction.