Deals
FedEx-Backed Freightos to Go Public in Merger With Gesher SPAC
- Freightos secures $80 million in capital as part of deal
- FedEx, Qatar Airways among booking-services firm’s investors
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Freightos Ltd., a digital platform for global freight-booking services, is set to go public through its tie-up with blank-check company Gesher I Acquisition Corp.
As part of the transaction, Freightos has secured $80 million in capital commitments to further scale the business and improve margins, according to a statement reviewed by Bloomberg News. The newly combined entity will have an implied pro forma enterprise value of about $435 million, the companies said.