Ingka Investments, the investment arm of Ikea’s franchisee Ingka Group, has acquired Made4net for an undisclosed sum, the retailer announced Wednesday.
Ingka Group will deploy Made4net’s technology across its stores to update its fulfillment and omnichannel operations. With Made4net’s technology, Ikea can speed up its deliveries, accurately fulfill orders and better manage its supply chain, according to the press release.
Made4net will continue to operate as an independent subsidiary from its New Jersey headquarters and six international offices. CEO Duff Davidson and the company’s leadership team will remain on staff.
Source: RetailDive
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