GSI Commerce Buys Accretive
In a merger of e-commerce firms, GSI Commerce announced Thursday that has purchased Accretive Commerce for $97.5 million. The boards of directors of both companies have approved the transaction.
GSI, based in King of Prussia, Pa., outside of Philadelphia, represents retailers, as well as entertainment companies and sports leagues, with clients that include Ace Hardware, Linens ‘n’ Things, and the NBA. The North Carolina-based Accretive’s clients include Godiva and American Eagle.
The deal is expected to close within 60 days.