NextPlat Expands North American Technology E-Commerce Business with Acquisition of Outfitter Satellite Inc.
COCONUT GROVE, Fla., March 26, 2024 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, NXPLW) ("NextPlat" or the "Company"), a global e-Commerce provider, today announced the significant expansion of its North American e-commerce business with the acquisition of Outfitter Satellite Inc. ("Outfitter") through an all-cash transaction. The transaction is expected to close on April 1, 2024.
- Accretive Acquisition to More Than Double North American Technology E-Commerce Product Sales and Recurring Revenue through Consumer, Commercial and Government Customer Sales
COCONUT GROVE, Fla., March 26, 2024 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, NXPLW) ("NextPlat" or the "Company"), a global e-Commerce provider, today announced the significant expansion of its North American e-commerce business with the acquisition of Outfitter Satellite Inc . - The accretive acquisition is expected to more than double NextPlat's existing North American technology e-commerce product sales and recurring revenue.
- "Outfitter is an ideal addition to our technology e-commerce portfolio, delivering immediate synergies and value, quickly and profitably adding scale to our North American operations.
- For more information about NextPlat, please visit www.NextPlat.com and connect with us on Facebook and X (formerly Twitter) .