GB - Global Blue acquires Zigzag Global

Global Blue (GB) has acquired ZigZag, a leading Software-as-a-Service ((SaaS)) technology platform that helps retailers manage worldwide e-commerce returns and exchanges more profitably.The company has raised $70M via a private placement of common stock to fully fund the ZigZag acquisition With e-commerce business booming, Global Blue will benefit from ZigZag’s e-commerce expertise and empower merchants to capture growth opportunities through omni-channel technology and payment solutions. Jacques Stern, CEO and President of Global Blue commented: “With this first acquisition since our listing on the New York Stock Exchange in August 2020, Global Blue has the ambition to become a strategic omni-channel technology and payments partner empowering merchants to capture growth opportunities. The transaction is expected to close by the end of March 2021.

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Global Blue acquires Zigzag Global