Stord buys e-commerce specialist Shipwire from Ceva Logistics

Core Insights - Stord has acquired Shipwire from Ceva Logistics to enhance its scale and capabilities in the competitive e-commerce logistics market [7][6] - The acquisition allows Stord to expand its fulfillment volume and footprint, adding 12 fulfillment centers and access to Ceva's global network of 1,000 warehouses [6][14] - Stord's revenue reached $147 million in 2025, and the company has raised a total of $325 million from investors, with a valuation of $1.5 billion [10][9] Company Overview - Stord, founded in 2015, provides a comprehensive logistics solution for e-tailers, managing over $10 billion in transactions [1] - The company operates 11 major fulfillment hubs across 13 buildings, including locations in the UK and the Netherlands [1] - Stord's business model targets small and medium-sized companies, enabling them to achieve delivery speeds comparable to larger retailers [1] Market Dynamics - E-commerce growth has slowed since the pandemic peak but remains strong, with U.S. e-commerce retail sales increasing by 275% to $304.2 billion over the past decade [3] - E-commerce now accounts for 16.3% of total retail sales, up from 14.6% in 2021 [3] - The logistics sector is experiencing consolidation as companies seek to enhance their technological capabilities and operational efficiencies [27] Strategic Moves - Stord's acquisition of Shipwire is its fifth, following a recent acquisition of Ware2Go, which added 2.5 million square feet to its warehouse network [9][6] - The company is investing in AI technology to improve order management and enhance customer experience [15][16] - Stord's multi-user facilities utilize advanced technology for inventory management and shipment processing, significantly improving efficiency [24][25] Customer Base - Stord serves a diverse range of direct-to-consumer and B2B brands, including Seed Health, Native, and Athletic Greens, delivering over 30 million packages to approximately 11.5% of U.S. homes last year [8][9] - The company is focused on enhancing customer experience through technology and personalized services [22][20]