Swedish home furnishings retailer Ikea advanced efforts to take control over its delivery fulfillment network by acquiring U.S.-based logistics technology company Locus on Tuesday. Join the leaders shaping freight’s future atF3: Future of Freight Festival, Oct 21-22.Network with the industry’s best and discover what’s next. Register now! Ingka Group, the largest retailer for Ikea, acquired the AI-powered platform for an undisclosed sum. (Locus raised $50 million in funding in 2021, pushing its valuation ...

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Part of a larger digital transformation strategy, Ingka Group’s investment arm has acquired U.S.-based AI logistics technology company Locus for an undisclosed amount, per a company announcement Tuesday. The largest Ikea retailer aims to use Locus’ platform — which includes advanced route optimization, real-time tracking, and more — to improve its deli ...