Shopify to acquire 6 River Systems.

Shopify, the leading multi-channel commerce platform, has acquired 6 River Systems, a leading provider of collaborative warehouse fulfillment solutions. Under the terms of the agreement, which has been approved by 6 River Systems’ stockholders, Shopify will acquire all of 6 River Systems’ outstanding securities in a transaction valued at approximately $450m, consisting of approximately 60% in cash and 40% in Shopify Class A Subordinate Voting Shares. In June, Shopify introduced the Shopify Fulfillment Network, a powerful and trusted fulfillment network that will ensure timely deliveries, lower shipping costs, and provide superb customer experience for merchants and their customers. This acquisition is a critical step to accelerate its growth, while 6 River Systems will also continue to build and sell their solution for warehouses. “Shopify is taking on fulfillment the same way we’ve approached other commerce challenges, by bringing together the best technology to help everyone compete. With 6 River Systems, we will bring technology and operational efficiencies to companies of all sizes around the world.” Tobi Lütke, Shopify CEO.