Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, today announces the acquisition of Locus, a leading logistics technology company based in the USA. This strategic investment strengthens IKEA digital capabilities, giving the retailer greater control over a critical moment in the customer journey.
In today’s retail landscape, customers expect a seamless home delivery, taking the complex digital systems that make it possible for granted. Historically, IKEA has relied on multiple third-party providers for these essential services. The acquisition of Locus represents a significant move by Ingka Group towards making shopping and delivery even smoother for its customers.
Locus offers a sophisticated AI-powered logistics management platform, featuring advanced route optimisation, real-time tracking, as well as the smart use of vehicles and resources. By integrating these capabilities, Locus will better enable Ingka Group to enhance efficiency across the supply chain – from capacity management and optimisation to last-mile execution. The partnership not only strengthens how IKEA delivers home furnishings to customers globally but also supports their ambition to create a faster and smarter distribution network.
Tolga Öncü, Head of IKEA Retail (Ingka Group)
“This acquisition aligns perfectly with our commitment to improving the customer journey at every touchpoint. By bringing Locus’s technology in-house, we’re taking control of a crucial element in our fulfilment chain, allowing us to deliver with greater speed and flexibility to the many.“
This acquisition comes at a critical time, with online sales representing 28% of total IKEA retail sales in FY24, up from 11% in FY19. The integration of Locus’s technology will further strengthen IKEA’s ability to meet this growth, complementing earlier strategic technology investments such as Made4net, which will help enhance the company’s warehouse management, and TaskRabbit, which expanded furniture assembly services.
Parag Parekh, Global CDO for IKEA Retail (Ingka Group)
“Our vision is to create a better everyday life for the many, and that includes delivering products when and how customers want them. This acquisition strengthens the digital capabilities required to meet rising customer expectations, while ensuring the quality and reliability IKEA is known for.”
Nishith Rastogi, Founder & CEO, Locus
“Joining the IKEA family marks a historic milestone for Locus and the customers we serve. This partnership preserves our independence and ensures our perpetuity, while unlocking the scale and resources to serve our global enterprise customers with unmatched research and development. To usher in this new phase, we will expand significantly across product, engineering, and revenue teams, to build a legacy of innovation and impact spanning decades, not years.”
Following the acquisition, Locus will remain operationally independent while continuing to grow its services for partners beyond Ingka Group. The approach supports ongoing innovation and growth for both companies whilst contributing to the IKEA broader digital transformation journey.
About Ingka Investments
Ingka Investments is the investment arm of Ingka Group, the largest IKEA retailer. They invest in assets, manage companies, and operate strategic businesses to preserve and create value for Ingka Group and IKEA – now, and for generations to come. Taking a long-term approach, they responsibly invest across six strategic areas: forestland, renewable energy, real estate, circular, financial markets, and business acquisitions and venture investments. Ingka Investments acquires and invests in businesses that drive transformation for IKEA Retail across five focus areas: logistics and fulfilment, home furnishing services, financial services, life at home services, and sustainable food production.
About Ingka Group
With IKEA retail operations in 31 markets, Ingka Group is the largest IKEA retailer and represents about 90% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on Ingka.com.
About Locus
Locus is an agentic Transportation Management System for all-mile, all-channel. The platform unifies orders, capacity, and carrier networks into one living plan, aligning planning, execution and settlement so promises become proof. AI co-pilots with guardrails surface risks early and recommend the next best move to protect SLAs and reduce empty miles. Built for real-world constraints, Locus has been battle-tested in 350+ deployments across 30+ countries. Following its acquisition by Ingka Group, Locus will remain independent under its own brand and leadership, continue serving enterprises beyond Ingka Group, and partner with IKEA to improve delivery speed, reliability, and sustainability at scale.
Advisors
Goldman Sachs served as exclusive financial advisor to Ingka Investments B.V. in connection with the transaction.
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