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for a recap of the biggest channel-impacting mergers in Q3 2013.**
Value-added distributor Ingram Micro Inc. has a deal in place to buy Shipwire, a global fulfillment services provider for emerging multi-channel brands.
Shipwire provides on-demand e-commerce fulfillment and supply-chain management from a network of global warehouses to more than 1,000 vendors. Based in the Silicon Valley, Shipwire developed cloud logistics with an on-demand fulfillment center and shipping tools, Web services and developer tools, all of which can be used to solve logistics problems.
“The addition of Shipwire will enable us to accelerate our growth in a $40 billion market for e-commerce fulfillment services that estimated to be growing by double digits through 2015,” said Alain Monie, Ingram Micro CEO. “Additionally, we will utilize Shipwire’s platform capabilities to better serve our medium and large brand customers by significantly reducing onboarding time and complexity, giving our customers the flexibility to quickly operationalize their e-commerce opportunities.”
Shipwire sells from facilities in North America, Europe and Asia to brands in more than 50 countries. The company will operate as a wholly owned subsidiary of Ingram Micro. Damon Schechter, founder and CEO of Shipwire, will continue to serve as the company’s president.
Subject to regulatory approvals and other customary closing conditions, the acquisition is expected to close before the end of the year.
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January 18 2019 @ 17:55:05 UTC