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PETACH TIKVAH, Israel - Global-e Online Ltd. (NASDAQ:GLBE), a $5.6 billion market cap e-commerce solutions provider with robust 33% year-over-year revenue growth, announced Thursday it has acquired ReturnGo Ltd., a provider of AI-powered return and exchange solutions for e-commerce businesses.
The acquisition aims to integrate ReturnGo’s technology for automating returns, exchanges, and post-purchase workflows into Global-e’s platform, according to a company press release.
"Returns are a key aspect of the online shopping experience, especially in global commerce," said Nir Debbi, President of Global-e. "This acquisition will enable us to provide our merchants with a better solution to deliver enhanced experiences."
Aviad Raz, Co-Founder and CEO of ReturnGo, stated that joining Global-e would amplify their mission "to make returns smarter, faster, sustainable, and more valuable for merchants and consumers alike."
Global-e, which provides cross-border e-commerce solutions for over 1,400 brands and retailers worldwide including Marc Jacobs, Adidas, and Ralph Lauren, noted that the acquisition is not expected to have a material impact on its revenue or financial results.
The company did not disclose the financial terms of the transaction.
Global-e’s platform enables merchants to sell internationally by offering localized shopping experiences to online shoppers in more than 200 destinations worldwide.
In other recent news, Global-E Online reported its first-quarter earnings, which exceeded market expectations. The company posted an adjusted EBITDA of $31.6 million, slightly above the consensus forecast of $31.3 million, with a non-GAAP gross margin of 46.6%, surpassing the anticipated 45.3%. Following these results, JMP analysts maintained their Market Outperform rating with a price target of $64.00. Additionally, Global-E’s new strategic partnership with Shopify has been a focal point for investors, with UBS maintaining a Buy rating and a $52.00 price target after discussions with company executives. Benchmark also kept a Buy rating but adjusted the price target to $52.00 from $55.00, citing satisfactory first-quarter results amid challenging market conditions. Needham reaffirmed its Buy rating with a $40.00 price target, noting strong GMV growth despite uncertainties surrounding the revised Shopify partnership. UBS highlighted that Global-E’s business has shown resilience with less volatility year-to-date, and the company’s recovery from a dip in late Q1 2025 has been noted as positive. These developments reflect ongoing investor interest and varied analyst perspectives on Global-E’s performance and future potential.
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