Global-E Online Ltd. Acquires Passport

Global-e Online Ltd. announced its definitive agreement to acquire Passport, a US-based e-commerce logistics and solutions company, for $350 million in upfront consideration (cash and ordinary shares) plus up to $75 million in contingent consideration based on 2026 financial results. This acquisition is expected to enhance Global-e's logistics capabilities, particularly in cross-border, domestic, and last-mile deliveries, by integrating Passport's asset-light, multi-carrier network and advanced solutions like direct injection and consolidated returns. The acquisition will also allow Global-e to offer a non-Merchant of Record solution, expanding its reach to new merchant segments. Passport's CEO, Alex Yancher, will join Global-e's executive team. The transaction is anticipated to close in early July 2026, with a neutral to slightly positive effect on Global-e's Adjusted EBITDA in the second half of 2026. Passport generated approximately $100 million in revenue in 2026.