NextPlat Expands North American Technology E-Commerce Business With Acquisition Of Outfitter Satellite Inc., Through An All-Cash Transaction; No Financial Terms Disclosed
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NextPlat Corp (NASDAQ:NXPL) announced the acquisition of Outfitter Satellite Inc. through an all-cash transaction, aiming to more than double its North American technology e-commerce product sales and recurring revenue. The acquisition, expected to close on April 1, 2024, will also enhance profitability through improved business efficiencies and support future domestic and international operations. This move is part of NextPlat's growth strategy to expand its technology and healthcare e-commerce offerings in the U.S. and globally.

March 26, 2024 | 12:10 pm
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NextPlat's acquisition of Outfitter Satellite Inc. is expected to significantly boost its North American e-commerce sales and recurring revenue, enhancing profitability and supporting global expansion.
The acquisition of Outfitter Satellite Inc. by NextPlat is a strategic move that is expected to more than double the company's North American technology e-commerce product sales and recurring revenue. This accretive acquisition not only promises to enhance profitability through improved business efficiencies but also supports NextPlat's future domestic and international operations and distribution. The integration of Outfitter's operations into NextPlat's global e-commerce platform is anticipated to significantly expand product offerings and enable entry into international markets, aligning with NextPlat's growth strategy.
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