GSI Commerce, Inc. reached a definitive agreement to acquire Zendor.com Ltd., a Manchester, U.K-based leading provider of fulfillment, customer care and e-commerce solutions. GSI paid $7.90 million in cash.
GSI said this acquisition would make GSI as an end-to-end e-commerce solution provider competent of delivering integrated, multichannel e-commerce solutions to U.K. and other global retailers and brands as well.
The King of Prussia, Pennsylvania-based company said by this acquisition GSI not only gains Zendor's core operating components but also Zendor's e-commerce expertise, local sales and marketing experience and welcomes its five U.K. retailers in the toys and baby, home and apparel categories. Further, GSI, with the acquisition, is able to increase its global e-commerce partner base to about 85.
The acquisition, which has been ratified by the Boards of Directors of both companies, is expected to close within 10 to 14 days. Upon closing, Zendor will be known as Zendor GSI Commerce and will maintain its offices in Manchester, England and report to GSI's international headquarters in Barcelona, Spain.
Steven Davis, President and Managing Director of GSI Commerce Solutions International S.L, said, “The acquisition of Zendor provides GSI with the opportunity to integrate Zendor's leading fulfillment and customer care capabilities with GSI's proven e-commerce technology solution, we are excited to offer U.K. and global retailers and brands comprehensive, end-to-end e-commerce solutions that have demonstrated success for our partners in the United States. This acquisition not only allows us to provide an end-to-end solution for the U.K.'s online market, but it also serves as the model which we will use to empower retailers and brands in establishing and building their e-commerce businesses across Europe.”
Nick Allen, CEO of Zendor, said, “We are delighted to become part of GSI's international growth story and proud to play such an integral role in the company's end-to-end e-commerce solution here in the U.K., adding GSI's leading technology to Zendor's multichannel expertise and fulfillment and customer care infrastructure will provide a fully integrated solution to U.K. retailers and brands. As part of GSI, Zendor can now support U.K. retailers and brands in extending their e-commerce businesses in the U.S. and Europe.”
