Shopify Logistics "Slimming Down" Progress: Flexport Completes Acquisition of Deliverr

It is learned that according to foreign media reports, on June 6, global logistics company Flexport announced the completion of its acquisition of Deliverr, a subsidiary of Shopify. A month ago, Shopify announced the sale of its two major logistics businesses 6RiverSystems and Deliverr, the latter of which was the first to complete the acquisition.

Flexport's acquisition of Deliverr means that it has officially joined Shopify's last-mile delivery service. Deliverr has warehouses within 100 miles of half of the U.S. population, providing sellers with advantages such as two-day delivery and convenient returns.

Flexport will also become one of the delivery service providers for Shopify's ShopPromise, a logo that means the goods are promised to be delivered within 5 days.

Last year, Shopify just acquired Deliverr for $2.1 billion. This sale to Flexport will give Shopify a 13% stake in Flexport and a seat on the board of directors. Flexport is currently valued at about $8 billion, which means that Shopify's sale price is only $1 billion.

Last year, Shopify invested $1 billion in Flexport, and in February, Flexport developed a tool to help sellers on the Shopify e-commerce platform manage and track inbound ocean freight shipments.

Flexport CEO Dave Clark previously worked at Amazon and joined Flexport eight months ago. After accessing the last mile delivery, Flexport will also compete with Amazon.

Dave Clark said Flexport expects to quickly integrate the acquired core assets into its operations, including 3 million square feet of warehousing space, to support merchants in the upcoming holiday season.

Editor✎ Ashley/

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