GLBE · Global-e Online Ltd.

Global-e Online Ltd. (NASDAQ: GLBE) announced on May 26, 2026, that it has entered into a definitive agreement to acquire Passport Global Inc., a US-based cross-border e-commerce logistics and solutions company. The acquisition is a strategic move to deepen Global-e's logistics capabilities, particularly in standard shipping solutions, by adding an asset-light, multi-carrier network covering cross-border, domestic, and last-mile deliveries. The deal also enhances Global-e's ability to offer direct injection, consolidated returns, and customs brokerage services. Additionally, Passport's non-Merchant of Record (non-MoR) platform will allow Global-e to serve a broader range of merchant segments. The total consideration is $350 million upfront, funded via approximately equal portions of cash on hand and ordinary shares, with an additional contingent consideration of up to $75 million tied to Passport achieving certain financial results in 2026. Passport is expected to generate approximately $100 million in revenue in calendar year 2026, with a growth rate slightly exceeding Global-e's for the year. The acquisition is expected to have a neutral to slightly positive effect on Global-e's Adjusted EBITDA contribution in the second half of 2026. Following closing, Passport's founder and CEO Alex Yancher is expected to join Global-e's executive management team to lead the integrated Passport business. The transaction is expected to close in early July 2026, subject to customary closing conditions, including regulatory approvals.