Global-e agrees to buy e-commerce logistics firm Passport for $350 million

Global-e Online Ltd.

Global-e Online Ltd.

GLBE

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  • Global-e agreed to buy U.S.-based Passport Global for USD 350 million upfront, split roughly evenly between cash and Global-e ordinary shares.
  • Deal includes up to USD 75 million in contingent consideration tied to Passport meeting certain 2026 financial results.
  • Passport is expected to generate about USD 100 million of 2026 revenue; the deal is seen as neutral to slightly positive to adjusted EBITDA in H2 2026.
  • Transaction is expected to close in early July 2026; Passport CEO Alex Yancher is set to join Global-e’s executive team to lead the combined unit.
  • Acquisition adds an asset-light, multi-carrier logistics network, strengthening cross-border shipping, returns, and customs brokerage while expanding non-MoR capabilities.


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