Global Blue has completed its purchase of ZigZag Global, a leading Software-as-a-Service (SaaS) technology provider that enhances the ecommerce returns experience for consumers and streamlines the process for retailers across the world.
The acquisition was announced by Global Blue on 8 March 2021 and the transaction was closed on 19 March 2021.
The union enables Global Blue and ZigZag to join forces to further empower merchants to capture growth opportunities through omni-channel technology and payment solutions.
Global Blue is listed on the New York Stock Exchange (Ticker: GB) and raised $70 million via a private placement of common stock issued to new institutional investors to fully fund the ZigZag acquisition.
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