Rakuten Inc., operator of Japan’s biggest online shopping site, said on June 6 that it will acquire a 100% stake in midsize U.S. logistics company Webgistix to strengthen its e-commerce operations in that country.
The Tokyo-based company did not disclose the value of the deal. Japanese media reported that the transaction is believed to be around 3 billion yen ($30 million).
Webgistix, based in Las Vegas, Nev., was founded in 2001. It has five large warehouses in New York, Las Vegas and elsewhere and offers cloud-based fulfillment services to e-commerce retailers.
Rakuten acquired major U.S. e-commerce firm Buy.com in 2010. By acquiring Webgistix, the Japanese company will be able to secure its own distribution network for e-commerce operations in the U.S.