Ikea franchisee Ingka Group buys US logistics tech provider Locus

Core Insights - Ingka Investments, a unit of Ikea franchisee Ingka Group, has acquired US-based logistics technology company Locus to enhance its digital capabilities and improve shopping and delivery experiences for customers [1][2] - The acquisition aligns with Ikea's strategy to establish a more efficient and smarter distribution network, leveraging Locus's AI-driven logistics management platform for better supply-chain efficiency [2][3] Financial Performance - Online sales for Ikea surged to 28% of total retail sales in FY24, a significant increase from 11% in FY19, indicating a strong growth trajectory that the integration of Locus's technology aims to support [3] Leadership Changes - Ingka Group announced a leadership transition with Juvencio Maeztu set to succeed Jesper Brodin as CEO and president on November 5, 2025, marking a significant change in the company's leadership [4][5] - Maeztu has a 25-year tenure with Ikea, while Brodin is stepping down after eight years as CEO and 30 years with the company [5]