Ikea franchisee Ingka Group buys US logistics tech provider Locus

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 strengthens its digital capabilities and will make shopping and delivery easier for its customers. The Swedish home furnishing retailer has historically relied on several third-party providers for these services. Locus provides an AI-driven logistics management platform with advanced route optimisation and ...