Ingram Micro Expands into e-Commerce Services Market with Acquisition of Shipwire
Enhances Ingram Micro Logistics’ ability to serve e-commerce Needs of large retailers with significantly reduced onboarding time and complexity
Santa Ana, Calif., Oct. 28, 2013 — Ingram Micro Inc. (NYSE: IM), the world’s largest wholesale technology distributor and a global leader in supply-chain and mobile device lifecycle services, today announced that it has entered into a definitive agreement pursuant to which it will acquire Shipwire, Inc., a leading provider of global fulfillment services for emerging multi-channel brands. The award-winning Shipwire platform provides on-demand e-commerce fulfillment and supply chain management from a network of global pick-pack and ship warehouses to more than 1,000 emerging brands and web retailers. Integrated into the top e-commerce platforms and based in Silicon Valley, Shipwire has pioneered cloud logistics with on-demand fulfillment center and shipping tools, Web services, and innovative developer tools, that can all be used together to solve complex global logistics problems.
“Ingram Micro is already well established as an expert in supply-chain services. The addition of Shipwire will enable us to accelerate our growth in a $40 billion market for e-commerce fulfillment services that is estimated to be growing by double-digits through 2015,” said Alain Monié, 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. This acquisition supports our strategy to diversify our revenue streams into faster growing, higher-margin businesses and takes us one step closer to our vision of becoming a global leader in supply-chain services.”
Shipwire serves brands from more than 50 countries, selling to buyers across the world from facilities in North America, Europe and Asia. Shipwire will operate as a wholly owned subsidiary of Ingram Micro. Damon Schechter, founder and CEO of Shipwire, will continue to lead the company as president of Shipwire, reporting directly to Robert Gifford, Ingram Micro executive vice president, Global Logistics. The acquisition, which is subject to regulatory approvals and other customary closing conditions, is expected to close before the end of the year.
“We are excited to join forces with Ingram Micro to accelerate the Shipwire platform much more quickly than we could have as a stand-alone company,” said Schechter. “Our customers and partners will see immediate benefits from our joining a global supply chain leader. Shipwire will now have the growth capital to expand our platform into software solutions for enterprise brands and marketplace retailers. Ingram Micro has the global footprint and supply-chain expertise that helps us fulfill our customer promise of ‘Enterprise logistics for everyone®’”.
Transport Intelligence (Ti), North American e-commerce Logistics 2012