IKEA has acquired U.S. logistics technology firm Locus, the two companies said on Tuesday, a deal the Swedish furniture retailer said would make its deliveries to shoppers smoother and faster as it ...

Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, today announces the acquisition of Locus, a leading logistics technology company based in the USA.

Leading global retailer IKEA’s investment arm, Ingka Investments, has acquired logistics technology startup Locus for an undisclosed amount.

IKEA said acquiring Locus would simplify its logistics and reduce its delivery expenses by an estimated 100 million euros ($117.41 million) a year globally ...

Ingka Investments, a unit of Ikea franchisee Ingka Group, has acquired US-based logistics technology company Locus. The financial terms of the deal have not been revealed. Ikea believes that the deal ...

Stockholm [Sweden], October 7 (ANI): Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, on Tuesday announced the acquisition of Locus, an AI-powered logistics technology ...

STOCKHOLM--IKEA acquired U.S. logistics technology company Locus in a deal aimed at making shopping and delivery smoother for customers. Ingka Group, which owns most IKEA stores globally, said the ...

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Ingka Investments has acquired U.S.-based logistics tech company Locus. The purchase will provide Ikea with an AI-powered logistics management platform.

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