GSI to acquire U.K.-based fulfillment company

KING OF PRUSSIA, Pa. and BARCELONA, Spain GSI Commerce today announced it has agreed to acquire Zendor.com, a Manchester, U.K.-based leading provider of fulfillment, customer care and e-commerce solutions.

"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," said Steven Davis, president and managing director of GSI Commerce Solutions International S.L. "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."

According to GSI, with the acquisition, GSI grows its global e-commerce partner base to approximately 85. GSI will acquire Zendor.com for approximately $7.9 million in cash.

The acquisition, which has been approved by the boards of directors of both companies, is expected to close within 10 to 14 days. Following the close, 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.