Amazon has signed a deal to acquire logistics company ecommerce online logistics platform Ecommerce Online.
EcommerceOnline, which provides logistics services to retailers and small businesses, has been a pioneer in the online shopping space and has been valued at more than $100 billion by investors.
Amazon announced the deal on Wednesday.
The deal is subject to regulatory approval, but Amazon has not said when the deal will be finalized.
Amazon has said it is in talks with more than 20 potential buyers.ECommerceOnline, founded in 2016, is a cloud-based online marketplace for online logistics and warehousing, according to the company’s website.
The company has operations in 40 countries, according the company.
The acquisition of Ecommerceonline is part of Amazon’s push into ecommerce, and the company has said online retailers such as Walmart, Target and Walmart.com have a strong relationship with Amazon.
Amazon has a long history in online retailing, but has been struggling in the digital space, especially in the ecommerce space.
Ecommerce has struggled with declining sales in the United States, where Amazon has struggled to gain market share.
Amazon is seeking to grow its ecommerce business, and has announced that it is spending $50 billion to buy Whole Foods, which owns the popular Whole Foods Market grocery store chain.