IKEA Stores Owner Ingka Acquires Warehouse Software Firm Made4Net

The largest owner of IKEA stores has acquired supply chain software firm Made4Net as the Swedish furniture retailer plans a major expansion in the United States and aims to grow its online sales.

Ingka Group’s investment arm Ingka Investments bought the company for an undisclosed sum, the company said, in order to improve IKEA’s warehouse and logistics operations as shoppers increasingly demand next-day or same-day delivery.

Made4net’s software analyses companies’ warehouses, worker productivity, and delivery routes to find efficiency gains and cut costs.

Read the source article at money.usnews.com