Ingram Micro has acquired Palo Alto-based Shipwire, the cloud logistics and supply chain management SaaS provider. Certain risks may cause such expectations to not be achieved and, in turn, may have a material adverse effect on Ingram Micro's business, financial condition and results of operations. The Shipwire order fulfilment platform also provides flexible eCommerce logistics solutions for small and medium-sized companies. SANTA ANA, Calif., Oct. 28, 2013 /PRNewswire/ -- 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. Visit us at IngramMicro.com. 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(1)," said Alain Monie, Ingram Micro CEO. When typing in this field, a list of search results will appear and be automatically updated as you type. Legal Name Shipwire, Inc. Company Type For Profit. After completing its turnaround this year, our subsidiary . complete suite of eCommerce capabilities across all products and transportation modes. Other jobs like this. "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. Shipwire is the same cloud startup that received nearly $15 million in venture capital. (Photo by Shutterstock) French ocean shipping and logistics firm CMA CGM Group said Wednesday it will acquire most of the e-commerce and life cycle unit of technology distribution giant Ingram Micro for US$3 billion, a move . Ingram Micro has acquired the cloud logistics and supply chain management SaaS provider Shipwire, which is based in Palo Alto. Ingram Micro has acquired Shipwire for an undisclosed amount. We will continue to invest in growing those businesses organically and through prospective acquisitions, Kotzubei and Louie said in the statement. Thus, CEVA Logistics takes a collaborative approach with our customers to help them succeed. Shipwires platform allows retailors to simplify their supply chain by providing a real time inventory of each of the retailers warehouses therefore allowing merchants to cut shipping, handling and overhead costs. The acquisition, which is subject to regulatory approvals and other customary closing conditions, is expected to close before the end of the year. With our expansive global warehouse network and a unique cloud-based order and . As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics and mobile solutions, technical support, financial services and product aggregation and distribution. http://photos.prnewswire.com/prnh/20100107/IMLOGO, http://photos.prnewswire.com/prnh/20131028/LA05567LOGO, Technology Solutions -Middle East, Africa & Turkey. Discover how Ingram Micro can help you realize the promise of technology. Ingram Micro has instituted in the past and continues to institute changes to its strategies, operations and processes to address these risk factors and seek to mitigate their impact on Ingram Micro's results of operations and financial condition. Co.Registration No. Ingram Micro disclaims any duty to update any forward-looking statements. With its subsidiary CEVA Logistics, a world leader in logistics, which transports 400,000 tons of air freight and 2.8 million tons of land freight each year, and its air freight division CMA CGM AIR CARGO, the CMA CGM Group is continually innovating to offer its customers a complete and increasingly efficient range of new shipping, land, air and logistics solutions. Together, we are in our strongest position ever as we work to become a Top 5 global logistics player. We help them unlock value within "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. . As of April 4, 2022, CEVA Logistics has completed the acquisition of a majority of The Ingram Micro spokesperson told CRN via email that the deal will allow Ingram Micro to focus on the growth and expansion of its core technology distribution and Ingram Micro Cloud and Cloud Blue businesses. View our. As we move forward, we remain committed to ensuring uninterrupted service for our customers. Easily display real-time shipping quotes from Shipwire to your customers during checkout, then automatically export orders to Shipwire after they've been processed. The deal between Ingram Micro and CMA CGM comes at the end of a big year in distribution M&A. Shipwire, a SaaS platform offered by Ingram Micro Commerce & Lifecycle Services is an order management system that connects ShipStation merchants to an expansive global logistics infrastructure that includes warehouses, parcel carriers, transportation and ecommerce connections.The Shipwire Platform supports B2B and B2C solutions and enables fast order fulfillment . The acquired business represents estimated annual revenues of $1.7 billion in 2021 and employs 11,500 staff members worldwide across 59 warehouses, with a strong presence in the U.S. and in Europe. Published on www.kitjob.in 17 Mar 2023. Online sellers need to know at all times the location of the product that they are selling. View our. The CLS business has a strong base in contract logistics with eCommerce capabilities including reverse logistics management, parcel visibility, and same-day delivery. An approach involving ongoing improvement which brings concrete results, with a decrease of 4% in the total CO emissions of the Group in 2020. Between CEVA Logistics and the CLS business, the Group's combined . The acquisition, which is subject to regulatory approvals and other customary closing conditions, is expected to close before the end of the year. We privacy! It delivers a full spectrum of global technology and supply chain services to businesses around the world. position in both sectors.. With a mission of enabling businesses to grow and communities to thrive, I am confident this is an excellent fit for our dynamic, innovative, and solutions oriented CLS team., Jacob Kotzubei, Partner at Platinum Equity, and Matthew Louie, Managing Director at Platinum Equity, which acquired Ingram Micro in July, said We have great respect for CMA CGM Group and believe CLS is an excellent fit with CEVA Logistics. Technology Enthusiast / Problem Solver / Goal Overachiever. Thats complicated by the way products are often sold. We accelerate growth and value for our customers, who are the technology channel partners around the world. The Group is accelerating investments to strengthen its shipping and logistics network, targeting solutions designed to increase supply chain resiliency and fluidity. Rodolphe Saad, Chairman and CEO of the CMA CGM Group, said, The acquisition of Ingram Micro CLS is strategic for the CMA CGM Group. Together, we are one of the worlds leading end-to-end eCommerce logistics service providers. This is CMA CGM S.A.'s 3rd transaction in the Transportation sector. Michiel Alting von Geusau, currently Executive Vice President, and President of Global Commerce & Life Cycle Services for Ingram Micro, will continue to lead the business within CEVA Logistics. "Our customers and partners will see immediate benefits from our joining a global supply chain leader. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables business partners to operate efficiently and successfully in the markets they serve. Ingram Micro Inc., a publicly traded provider of supply-chain and mobile device lifecycle services, has entered into an agreement to acquire Shipwire Inc., a provider of enterprise logistics . The transaction is expected to close during the first half of 2022. This move allows Ingram Micro to focus on the growth and expansion of its core technology distribution and cloud services capabilities. The closing of this transaction is subject to customary conditions, including regulatory approvals by relevant authorities. The combination of CEVA Logistics and Ingram Micro CLS activities will create the fourth-largest global provider of contract logistics services. Our combined workforce represents 98,000 people working across nearly 1,000 sites globally. Thank you for your interest! The transaction includes Shipwire, a cloud-based logistics technology platform. Other jobs like this. The company is the only global broad-based IT distributor, serving approximately 160 countries on six continents with the world's most comprehensive portfolio of IT products and services. Published on www.kitjob.in 10 Mar 2023. This acquisition illustrates the CMA CGM Group's commitment to strengthening its position as a global leader in shipping and logistics. Also Known As Shipwire, CEVA Logitics, Ingram Micro CLS. After completing its turnaround . Through the Shipwire SaaS platform, customers geton-demand access to warehouses in the U.S., Canada and Europe, allowing merchants to access inventory closer to buyers so that they can cut shipping costs and delivery times. . CEVA Logistics offers a broad range of services in both Contract Logistics and Freight Management thanks to its approximately 78,000 employees and 1,000 facilities in more than 160 countries. The CMA CGM Group intends to fund this acquisition from its own resources. Ingram Micro's CLS business specializes in e-commerce contract logistics and omni-channel fulfillment. Get best-in-class fulfillment to support your Shopify store. 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(1)," said Alain Monie, Ingram Micro CEO. Phone Number +1 650-561-4800. Shipwire, a CEVA Logistics Company, is a full-service 3PL provider that fulfills ecommerce orders for direct-to-consumer, retail and drop shipping channels by leveraging a suite of advanced technology and a network of global warehouses. largest global provider of contract logistics, after the acquisition. Present in 160 countries through its network of more than 400 offices and 750 warehouses, the Group employs more than 110,000 people worldwide, including 2,400 in Marseilles where its head office is located. For additional information please contact: Get our latest news & market updates delivered directly to your inbox. Shipwire. Through the CMA CGM Foundation, every year the Group helps thousands of children through its actions to promote education for all and equal opportunity. 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. 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. This acquisition will further complement CEVA Logistics offering in the contract logistics industry and support its objective to become a Top 5 global third-party logistics player. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships set Ingram Micro apart and ahead. Together, we have a global workforce of more than 98,000 people across nearly 1,000 sites in more Please provide more information so our Business Development representatives can Super Micro Computer, Inc. (APAC Headquarters) He can be reached at jkovar@thechannelcompany.com. Ingram Micro's Shipwire-integrated warehouse in Bors is strategically located 63km from the Port of Gothenburg, the largest port in the Nordics, and 41km from the Gothenburg-Landvetter Airport. Acquisition Highlights. Important risk factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, without limitation: (1) we have made and expect to continue to make investments in new businesses and initiatives, including acquisitions, which could disrupt our business and have an adverse effect on our operating results; (2) we are dependent on a variety of information systems, which, if not properly functioning, or unavailable, or if we experience system security breaches, data protection breaches or other cyber-attacks, could adversely disrupt our business and harm our reputation and earnings; (3) changes in macro-economic conditions may negatively impact a number of risk factors which, individually or in the aggregate, could adversely affect our results of operations, financial condition and cash flows; (4) we continually experience intense competition across all markets for our products and services; (5) we operate a global business that exposes us to risks associated with conducting business in multiple jurisdictions; (6) our failure to adequately adapt to IT industry changes could negatively impact our future operating results; (7) terminations of a supply or services agreement or a significant change in supplier terms or conditions of sale could negatively affect our operating margins, revenue or the level of capital required to fund our operations; (8) substantial defaults by our customers or the loss of significant customers could have a negative impact on our business, results of operations, financial condition or liquidity; (9) changes in, or interpretations of, tax rules and regulations, changes in the mix of our business amongst different tax jurisdictions, and deterioration of the performance of our business may adversely affect our effective income tax rates or operating margins and we may be required to pay additional taxes and/or tax assessments, as well as record valuation allowances relating to our deferred tax assets; (10) changes in our credit rating or other market factors such as adverse capital and credit market conditions or reductions in cash flow from operations may affect our ability to meet liquidity needs, reduce access to capital, and/or increase our costs of borrowing; (11) failure to retain and recruit key personnel would harm our ability to meet key objectives; (12) we cannot predict with certainty what losses we may incur as a result of litigation matters and contingencies that we may be involved with from time to time; (13) we may incur material litigation, regulatory or operational costs or expenses, and may be frustrated in our marketing efforts, as a result of environmental regulations or private intellectual property enforcement disputes; (14) we face a variety of risks in our reliance on third-party service companies, including shipping companies for the delivery of our products and outsourcing arrangements; (15) changes in accounting rules could adversely affect our future operating results; and (16) our quarterly results have fluctuated significantly. 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