Sept 9 (Reuters) - Shopify Inc SHOP.TO said on Monday it would buy warehouse technology provider 6 River Systems Inc for about $450 million, as it looks to accelerate growth of its fulfillment network.
Shopify unveiled plans in June to spend over a billion dollars to build and operate its fulfillment network in the United States to take on the likes of Amazon.com Inc AMZN.O and eBay EBAY.O .
"By joining Shopify, we're changing the game of fulfillment," 6 River's co-chief executive officer, Jerome Dubois, was quoted as saying in a statement from Shopify.
The deal, which consists of about 60% in cash and 40% in Shopify Class A subordinate voting shares, will have no material impact to Shopify's revenue in 2019, the Canadian e-commerce company said. expects the deal to close in the fourth quarter this year.