Ikea acquires software provider to make online fulfilment run more efficiently

Acquisitions

Summary

Ikea has acquired US-based software provider Made4Net for an undisclosed sum in a bid to speed up its online orders. Click here to sign up for our newsletter According to the company, Ikea will apply Made4net technology to “significantly enhance how the retailer interacts with its consumers in a new era of omnichannel commerce“. It added that the acquisition will also provide a more flexible way to shop, order and deliver products “in a sustainable way“. “Our business currently requires a better fulfilment operations system with more accurate data that better supports handling for our customers,” Ingka Group, Ikea’s parent company, head of retail Tolga Öncu said. “Our goal is to become leaders of life at home, serving more people in an omnichannel reality, whenever and however customers choose to meet us.” Made4Net will continue to operate as an independent subsidiary.

Classifications

industries
Transportation Industry
applications
ERP & Process Management

AskAI Classifications

Labels
Warehouse Management Software Supply Chain Software Logistics Software

Linked Companies

Made4net
$10M to $25M