Express Logics announced on Wednesday it would acquire logistics and distribution company Fulfillment Direct for $13.9 billion, which is valued at about $14 billion.
The acquisition is expected to close in the fourth quarter.
The deal was valued at $7.5 billion, including cash and stock.
Fulfillments Direct has been a leader in delivering Amazon’s fulfillment services, including its Prime Now, AmazonFresh and Amazon Pay products.
It has also grown in the last year to a business that sells and ships orders, according to the company.
The company also handles orders from other merchants.
Founded in 2015, Fulfilment Direct was the largest fulfillment company in the U.S. when it launched its own logistics business.
The new deal will allow it to provide Amazon’s Amazon Prime Now service and Fulfile to customers who shop online and need to ship products to customers in other countries.
It also will make Fulfilling Direct more efficient and easier to manage.
Fostering new business customersThe acquisition comes at a time when the company is looking to expand.
The firm plans to expand its logistics business to cover more than 10 million customers in the United States and Canada, according in a statement.
It said it will also work with other retailers, including Staples and Macy’s, to help them expand to Fulfiller’s service.
“Amazon is a pioneer in online commerce, with millions of shoppers and millions of sellers,” said Matt Hurd, chief executive of Fulfilled By Amazon, which owns Fulfilities Direct.
“It’s a natural fit for Fulfillin, and we look forward to partnering with them to further grow their business and customer base.”
Amazon has also invested heavily in logistics in recent years, spending about $1 billion on logistics in 2016 alone.