ingram micro acquires shipwire

Ingram Micro and the registered Ingram Micro logo are trademarks used under license by Ingram Micro Inc. (Logo: http://photos.prnewswire.com/prnh/20100107/IMLOGO), (Logo: http://photos.prnewswire.com/prnh/20131028/LA05567LOGO), Investors, Damon Wright, (714) 382-5013, damon.wright@ingrammicro.com, or Media, Danny Chung, (714) 382-2378, danny.chung@ingrammicro.com, Ingram Micro Expands Into e-Commerce Services Market With Acquisition Of Shipwire. "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. To date, Shipwire had received $15 million in venture capital. This move allows Ingram Micro to focus on the growth and expansion of its core technology distribution and cloud services capabilities. Sales Office) 77 New Cavendish Street The Harley Building London, W1W 6XB, UK Tel: +31-73-640-0390 Ext. The acquired business represents estimated annual revenues of USD 1.7 billion in 2021 and employs 11,500 staff members worldwide across 59 . Backed by a fleet of 545 vessels, in 2020 the Group transported nearly 21 million TEU (twenty-foot equivalent units) containers. 2800 General Info: Sales_Europe@supermicro.com Tech Support: Support_Europe@Supermicro.com Contact Us. Please provide more information so our Business Development representatives can For a further discussion of significant factors to consider in connection with forward-looking statements concerning Ingram Micro, reference is made to Item 1A Risk Factors of Ingram Micro's Annual Report on Form 10-K for the fiscal year ended Dec. 29, 2012; other risks or uncertainties may be detailed from time to time in Ingram Micro's future SEC filings. As their business partner, we provide them with more ways to run their businesses better and more profitably, so they can grow . The transaction includes Shipwire, a cloud-based logistics technology platform. California State University-Fullerton, Mihaylo College . This acquisition is part of the CMA CGM Group strategy to build and develop extensive transportation and logistics solutions in support of its customers supply chains. We'll be in touch with you within 1-2 full time. The CMA CGM Group intends to fund this acquisition from its own resources. Shipwire will be able to access CMA CGMs client base of more than 100,000 customers and CEVAs warehouses to accelerate its development and extend its global footprint. After completing its turnaround this year, our subsidiary CEVA Logistics will accelerate its development and join the worlds Top 4 in contract logistics. Grce l'acquisition, pour 3 Md$, d'Ingram Micro Commerce & Lifecycle Services, filiale du groupe amricain Ingram Micro spcialise dans la logistique contractuelle pour l'e-commerce, l'armateur franais CMA CGM va propulser sa filiale Ceva Logistics dans le Top 5 mondial des 3PL. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Ingram Micro's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Its subsidiary, American President Lines (APL), operates a fleet of U.S.-flagged vessels and supports U.S. territories and American military stationed around the world. business days. 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. Shipwire will operate as a wholly owned subsidiary of Ingram Micro. 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. A complete timeline of Ingram Micro's History from founding to present including key milestones and major events. CEVA Logistics experienced specialists focus on seamlessly designing end-to-end customized solutions to meet the complex and rapidly evolving supply chain needs, whatever the business sector. With the addition of the former Ingram Micro Commerce & Lifecycle Services business and the Shipwire technology platform, we have further enhanced our eCommerce capabilities and global footprint to deliver responsive logistics solutions for our customers. turnaround this year, our subsidiary, CEVA Logistics, will accelerate its development and join the Earlier this month China announced it will form a new state-owned logistics group, PSA International Pte Ltd (PSA) announced it will acquire Philadelphia-based BDP International, APM Terminals makes equipment investmentsfor Port Poti, Port of Cork, Innovez One ink deal to digitalise port operations, PSA International suffers throughput contraction for 2022, DSP integrates TIC4.0 standards in flagship product, Ports of Los Angeles, Tokyo and Yokohama pen sustainable initiatives. The remaining portions of the existing CLS business will be retained by Ingram Micro. Shipwire. 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 Group is accelerating investments to strengthen its shipping and logistics network, targeting solutions designed to increase supply chain resiliency and fluidity. Over 154 global locations in 45 countries support custom and on-demand solutions for B2B retail and ecommerce. Together, CEVA Logistics and the CLS business will be one of the worlds leading end-to-end eCommerce services. CEVA Logistics, a world leader in third-party logistics, provides and operates transportation and supply-chain solutions for large- or medium-size national and global companies. The CMA CGM Foundation also acts in humanitarian crises that require an emergency response by mobilizing the Group's shipping and logistics expertise to bring humanitarian supplies around the world. If you typed the URL into your browser, check that you entered it correctly. For a free trial contact 1-888-Shipwire or sign-up at Shipwire.com/trial. from 8 AM - 9 PM ET. [Related: 5 Things To Know About Ingram Micros Acquisition By Platinum Equity]. Backed by a fleet of 545 vessels, in 2020 the Group transported nearly 21 million TEU (twenty-foot equivalent units) containers. Shipwire serves brands from more than 50 countries, selling to buyers across the world from facilities in North America, Europe and Asia. Together, we have a global workforce of more than 98,000 people across nearly 1,000 sites in more How Secure Is Multi-Factor Authentication (MFA)? Job Description Position at Ingram Micro Overview This is a B2B sales role that requires development and management of business relationship with Mid Market and SMB end-customers with the objective of winning business of . News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. View our. The Ingram Micro CLS business being acquired specializes in eCommerce contract logistics and omni-channel fulfillment, including Shipwire and the company's technology forward logistics businesses in North . This move allows Ingram Micro to focus on the growth and expansion of its core technology distribution and cloud services capabilities. CMA CGM did not respond to a CRN request for more information by publication time. View our. Visit us at IngramMicro.com. After Shipwire (Ingram Micro CLS) has been acquired by CMA . 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. Ingram Micro will continue to invest in growing those businesses organically and through prospective acquisitions, the spokesperson said. 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. 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. In addition to Platinum Equitys monster acquisition of Ingram Micro, the year also saw the merger of Tech Data and Synnex to form TD Synnex, the worlds largest IT distributor. The enterprise value of the transaction is USD 3.0 billion. Shipwire has established itself as one . CEVA Logistics' experienced specialists focus on seamlessly designing end-to-end customized solutions to meet the complex and rapidly evolving supply chain needs, whatever the business sector. "The deal includes Shipwire, a cloud-based logistics technology platform, and the company's technology forward logistics businesses in North America, Europe . largest global provider of contract logistics, after the acquisition. This new deal comes just five months after Ingram Micro was purchased by private equity company Platinum Equity in a huge $7.2 billion deal. Creating sustainable value chains in Africa, CEVA Logistics, a subsidiary of CMA CGM Group, to integrate Ingram Micro CLS to complete its eCommerce and omni-channel fulfilment offering, Basic statement on human rights and environmental law. Together, our mission is to connect people, products and providers all around the world. A total of 3 acquisitions came from private equity firms.It has also divested 5 assets.. Ingram Micro's largest acquisition to date was in 2012, when it acquired Brightpoint for $840M.It's largest disclosed sale occurred in 2021, when it sold Ingram Micro - CLS Business to CMA CGM S.A. for $3.0B. Thats complicated by the way products are often sold. Solutions. CMA CGM Group, a leading provider in shipping and logistics, and Ingram Micro have signed a Share and Asset Purchase Agreement for the CMA CGM Group to acquire most of Ingram Micro's Commerce & Lifecycle Services activities (CLS), including Shipwire and the company's technology forward logistics businesses in North America, Europe, Latin America and Asia-Pacific. We'll be in touch with you within 1-2 Shippers engaged in eCommerce activities can greatly benefit from a single provider of integrated, The Group is accelerating investments to strengthen its shipping and logistics network, targeting solutions designed to increase supply chain resiliency and fluidity. Get best-in-class fulfillment to support your Shopify store. The Company offers services for order management and fulfillment, contract manufacturing, contract warehousing, product procurement, product . My journey started on July 7th 2014 in a tiny office in Palo Alto. The CMA CGM Group intends to fund this acquisition from its own resources. Also Known As Shipwire, CEVA Logitics, Ingram Micro CLS. In the United States, CMA CGM Group, which is headquartered in Norfolk, Va., employs more than 12,000 people. After completing its turnaround this year, our subsidiary . Were coming at the market from the smaller/mid space, they know the enterprise space well.. The remaining portions of the existing CLS business will be retained by Ingram Micro. This extension is a full-featured integration for Shipwire, including real-time shipping rates, automatic order fulfillment processing, and live inventory / tracking updates.. 71% of employees would recommend working at Shipwire to a friend and 59% have a positive outlook for the business. Retailers will sell through multiple channels. "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. . Cision Distribution 888-776-0942 Send to a Friend. Online sellers need to know at all times the location of the product that they are selling. The acquisition, which is subject to regulatory approvals and other customary closing conditions, is expected to close before the end of the year. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships set Ingram Micro apart and ahead. Ingram Micro in October also acquired CloudLogic, a cloud data center consulting company. The group's logistics subsidiary CEVA Logistics initially signed a $3 billion deal to acquire most of Ingram Micro's CLS business in December 2021.. The CLS business has a strong base in contract logistics with excellent eCommerce capabilities including reverse logistics management, parcel visibility, and same-day delivery. Ingram Micro has the global footprint and supply-chain expertise that helps us fulfill our customer promise of 'Enterprise Logistics For Everyone'". The deal will create the fourth-largest global provider of contract logistics services. Ingram Micro acquires Shipwire, a CEVA Logistics Company on 2013-10-28 for an undisclosed amount. Its position will be significantly strengthened in the U.S. and European markets, enhancing its ability to seize the opportunities offered by the boom of eCommerce. It offers software but not the on-demand SaaScapabilitiesthat it will get with Shipwire. Ingram Micro is the world's largest wholesale technology distributor and a global leader in IT supply-chain and mobile device lifecycle services. The Shipwire order fulfilment platform also provides flexible eCommerce logistics solutions for small and medium-sized companies. CMA CGM Groups logistics subsidiary CEVA Logistics has signed a $3 billion deal to acquire most of Ingram Micros Commerce & Lifecycle Services. CMA CGM Wednesday unveiled the acquisition of the shipwire and the technology forward logistics business of Ingram Micros Commerce & Lifecycle Services business, including operations in North America, Europe, Latin America, and Asia-Pacific. Get the Latest Cloud Tech News and Insights to Your Inbox, Got Bluetooth? 2013 Ingram Micro Inc. All rights reserved. file_download Download PDF. When typing in this field, a list of search results will appear and be automatically updated as you type. CEVA Logistics, a world leader in third-party logistics, provides and operates transportation and supply-chain solutions for large- or medium-size national and global companies. 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. have any question please contact us. 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. In a prepared statement, Jacob Kotzubei, a partner at Platinum Equity, and Matthew Louie, managing director at Platinum Equity, said they believe CLS is an excellent fit with CEVA Logistics. Ingram Micro disclaims any duty to update any forward-looking statements. You can also expect any of these fulfillment centers to handle your orders quickly. The investment from eBay was a big boost for Shipwire andexemplifiesthe value the company has for IngramMicro. For more information, please visit: www.cevalogistics.com. Subsidiaries to Ingram Micro include Shipwire and Brightpoint. Copyright Maritime Information Services Ltd. rate_review Write a Review. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables business partners to operate efficiently and successfully in the markets they serve. Discover how Ingram Micro can help you realize the promise of technology. We approached a multitude of companies that could help automate & streamline our website order fulfillment, we ended up choosing Ingram Micro's platform Shipwire! When typing in this field, a list of search results will appear and be automatically updated as you type. Its position will be significantly strengthened in the US and European markets, enhancing its ability to seize the opportunities offered by the boom of eCommerce.. The Shipwire order fulfilment platform provides flexible eCommerce logistics solutions for small and medium- sized companies. Ingram Micro Acquires Shipwire. than 160 countries, delivering responsive logistics solutions for our customers. Existing investor Meakem Becker Venture Capital also participated in the round. Customers buy from the merchant online. The addition of Shipwire will enable us to accelerate our growth in a $40 billion market for e-commerce fulfillment . We also face a variety of risks associated with this acquisition and any other acquisitions we may make, including: management's ability to execute its plans, strategies and objectives for future operations, including the execution of integration plans, and to realize the expected benefits of our acquisitions; growth of the mobility industry, the government contracts business, and in new and untapped markets in geographies outside the U.S.; and other uncertainties or unknown, underestimated and/or undisclosed commitments or liabilities; and our ability to achieve the expected benefits and manage the costs of the integrations of our acquisitions. 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. 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. Legal Name Shipwire, Inc. Company Type For Profit. After completing its turnaround . Shipwire's global fulfillment center network spans across North America, Europe and Asia-Pacific, decreasing transit times, shipping costs, and enabling growth in new markets. CMA CGM Group, a world leader in shipping and logistics, and Ingram Micro have signed a Share and Asset Purchase Agreement for the CMA CGM Group to acquire most of Ingram Micros Commerce & Lifecycle Services activities (CLS), including Shipwire and the companys technology forward logistics businesses in North America, Europe, Latin America and Asia-Pacific. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, http://photos.prnewswire.com/prnh/20100107/IMLOGO, http://photos.prnewswire.com/prnh/20131028/LA05567LOGO. Ingram Micros logistics suite does not have real-time supply chain management tools. Thank you for your interest! We privacy! 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. Along with Asia-Pacific, Mexico and Costa Rica that . As a result of the global COVID-19 pandemic, we have seen an unprecedented rise in consumer demand A.P. Together, we are one of the worlds leading end-to-end eCommerce logistics service providers. Here's a look at what solution providers can expect now that Ingram Micro has officially closed its $7.2 billion acquisition by private equity powerhouse Platinum Equity. Thus, CEVA Logistics takes a collaborative approach with our customers to help them succeed. The closing of this transaction is subject to customary conditions, including regulatory approvals by relevant authorities. Shipwire Inc., a SaaS-based platform from Ingram Micro Commerce & Lifecycle Services, offers a comprehensive order management system that connects merchants to an expansive global network of warehouses, parcel carriers, transportation, and ecommerce options. For a free trial contact 1-888-Shipwire or sign-up at Shipwire.com/trial. Shipwire integrates easily into popular marketplaces like Amazon and Target, exposing your stored products to a larger audience. Visit us at IngramMicro.com. We privacy! 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. To get the product sold, the retailer has to offer the channel the best rate possible. The closing of this transaction is subject to customary conditions, including regulatory approvals by relevant authorities. Shipwire, a CEVA Logistics Company May 2017 - Feb 2020 2 years 10 months. The closing of this transaction is subject to customary conditions, including regulatory approvals by relevant authorities. However, no assurances can be given that Ingram Micro will be successful in these efforts. Shipwire's momentum is underscored by new research unveiled today that details the company's . 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