"Ingram Micro is already well established as an expert in supply-chain services. Shipwire is the same cloud startup that received nearly $15 million in venture capital. Ingram Micros logistics suite does not have real-time supply chain management tools. Ingram Micro has acquired Shipwire for an undisclosed amount. Thus, CEVA Logistics takes a collaborative approach with our customers to help them succeed. 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. "Ingram Micro is already well established as an expert in supply-chain services. 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. Ingram Micro disclaims any duty to update any forward-looking statements. We privacy! Shipwire is a full-service, technology-driven 3PL provider. December 9, 2021: French carrier CMA CGM has signed a deal with US-based Ingram Micro to buy most of its commerce & lifestyle activities (CLS) for an enterprise value of $3 billion. Led by Rodolphe Saad, the CMA CGM Group, a global leader in shipping and logistics, serves more than 420 ports around the world on five continents. Shipwire will be able to access CMA CGM's client base of more than 100,000 customers and CEVA's warehouses to accelerate its development and extend its global footprint. He keeps readers abreast of the latest issues related to such areas as data life-cycle, business continuity and disaster recovery, and data centers, along with related services and software, while highlighting some of the key trends that impact the IT channel overall. Through the CMA CGM Foundation, every year the Group helps thousands of children through its actions to promote education for all and equal opportunity. The Shipwire order fulfilment platform also provides flexible eCommerce logistics solutions for small and medium-sized companies. Shipwire will operate as a wholly owned subsidiary of Ingram Micro. 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. The investment from eBay was a big boost for Shipwire andexemplifiesthe value the company has for IngramMicro. 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.. Ingram Micro Ingram Micro is a provider of technology products and supply chain management services. 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. Between CEVA Logistics and the CLS business, the combined logistics workforce will constitute approximately 90,000 people across nearly 1,100 sites in 160 countries. Acquisition Highlights. We accelerate growth and value for our customers, who are the technology channel partners around the world. Shipwire has an overall rating of 3.8 out of 5, based on over 55 reviews left anonymously by employees. Rodolphe Saad, Chairman and CEO of the CMA CGM Group, said, "The acquisition of Ingram Micro CLS is strategic for the CMA CGM Group. 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. Marketplace Fulfillment. Following the agreement announced on Dec. 8, 2021, the CMA CGM Group has completed the acquisition of most of Ingram Micro's Commerce & Lifecycle Services (CLS) business, including Shipwire and the CLS activities in North America, Mexico, Costa Rica, Europe, India, Australia and certain countries in Latin American. Shippers engaged in eCommerce activities can greatly benefit from a single provider of integrated, The acquisition price was not disclosed. Our combined workforce represents 98,000 people working across nearly 1,000 sites globally. Sign up to our daily email newsletter to receive the latest news from Port Technology International. 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.". 2013 Ingram Micro Inc. All rights reserved. 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 . Easily display real-time shipping quotes from Shipwire to your customers during checkout, then automatically export orders to Shipwire after they've been processed. Ingram Micro Logistics LP provides logistics services. Ingram Micro helps businesses realize the promise of technology. Together, CEVA Logistics and the CLS business will be one of the world's leading end-to-end eCommerce services. The transaction includes Shipwire, a cloud-based logistics technology platform. Ingramis a powerhouse that we complement very well and allow us to ramp services and scale for our customers faster than we think we could have done with an IPO, Gilmore said. 71% of employees would recommend working at Shipwire to a friend and 59% have a positive outlook for the business. Marseille, France-based CMA CGM is a leading provider of global shipping and logistics. After completing its turnaround this year, our subsidiary . Shipwire has established itself as one . 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. Ingram Micro has the global footprint and supply-chain expertise that helps us fulfill our customer promise of 'Enterprise Logistics For Everyone'". The combination of CEVA Logistics and Ingram Micro CLS activities will create the fourth-largest global provider of contract logistics services. Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences, and do not represent the views of Gartner or its affiliates. About The Shipwire Platform. The Group is accelerating investments to strengthen its shipping and logistics network, targeting solutions designed to increase supply chain resiliency and fluidity. 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. player. Those parts will remain under their current leadership. than 160 countries, delivering responsive logistics solutions for our customers. The company plans to make the business it acquires from Ingram Micro a part of its CEVA Logistics subsidiary, which the company said will become the worlds fourth-largest global contract logistics provider. There are competitors in this market such as Trade Gecko and Netsuite however Ingram Micro looks to surpass them all in terms of functionality and cost savings with the acquisition of Shipwire. Ingram Micro in October also acquired CloudLogic, a cloud data center consulting company. Ingram Micro, fresh from being acquired by Platinum Equity in a $7.2-billion deal, is selling a big chunk of its Commerce & Lifecycle Services business to France-based CMA CGM Group in a deal . An Ingram Micro spokesperson said the distributor will retain the ITAD asset disposition, the reverse logistics, and the European CLS Technology parts of the CLS business. By submitting this form you agree to our privacy practices and the processing of your personal data. They came in with an easy-to-use software that connected with our Shopify platform that also came in with a network for warehouses that could be used for fulfillment across the world . Contact Email info@shipwire.com. Announced in November, the acquisition is intended to accelerate Ingram Micro's growth in a $40 billion . Thank you for your interest! Between CEVA Logistics and the CLS business, the combined logistics workforce for CMA CGM will constitute approximately 90,000 people across nearly 1,100 sites in 160 countries. APM Terminals (APMT) Poti has made a significant investment to modernise Georgias largest ports infrastructure. Through the CMA CGM Foundation, every year the Group helps thousands of children through its actions to promote education for all and equal opportunity. 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 . complete suite of eCommerce capabilities across all products and transportation modes. The transaction includes Shipwire, a cloud-based logistics technology platform. - Key catalyst for CMA CGM Group's subsidiary CEVA Logistics' development in high-growth eCommerce segment, especially in U.S., European markets. As of April 4, 2022, CEVA Logistics has completed the acquisition of a majority of Ingram Micro's Commerce & Lifecycle Services (CLS) business. The Ingram Micro CLS business being acquired specialises in e-commerce contract logistics and omni-channel fulfilment. 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. Other jobs like this. Shipwire provides cloud-based logistics services, shipping software and outsourced pick-pack and ship fulfillment services from warehouses around the world. 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. 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. Super Micro Computer, Inc. (APAC Headquarters) CMA CGM has finalised its acquisitions of Ingram Micro's Commerce & Lifecycle Services (CLS) activities and Colis Priv.. The Shipwire order fulfilment platform provides flexible eCommerce logistics solutions for small and medium- sized companies. 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. Led by Rodolphe Saade, the CMA CGM Group, a global leader in shipping and logistics, serves more than 420 ports around the world on five continents. 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. Shipwire has . Uncategorized Archives - Ingram Micro Services. Cision Distribution 888-776-0942 This is the latest in a recent surge of logistics investments from port and maritime entities. Platinum Equity announced its intent to acquire Ingram Micro in an all-cash transaction with an equity value of approximately US$7.2 billion. 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.". An approach involving ongoing improvement which brings concrete results, with a decrease of 4% in the total CO2 emissions of the Group in 2020. business days. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CMA CGM to acquire flagship terminals in the Port of New York and New Jersey, CMA CGM Group and APL announce Thanksgiving food donations for hundreds of U.S. troops and their families. MARSEILLE, France, Dec. 8, 2021 /PRNewswire/ -- 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 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. The transaction includes Shipwire, a cloud-based logistics technology platform. The acquired business represents estimated annual revenues of USD 1.7 billion in 2021 and employs 11,500 staff members worldwide across 59 . The remaining portions of the existing CLS business will be retained by Ingram Micro. . Get best-in-class fulfillment to support your Shopify store. 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. Ingram Micro Commerce & Lifecycle Services' Order Management Platform, Shipwire, Reports Record Holiday Growth December 19, 2019 06:00 AM Eastern Standard Time This move allows Ingram Micro to focus on the growth and expansion of its core technology distribution and cloud services capabilities. . The enterprise value of the transaction is $3 billion. Online sellers send their inventory to one of Shipwire's fulfillment centers in the U.S., Canada, Europe or Asia, and instantly connect Shipwire to their online store or marketplace. Some of the companies more notable investors are Newell Rubbermaid and eBay. business days. We will continue to invest in growing those businesses organically and through prospective acquisitions.". 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. full time. As their business partner, we provide them with more ways to run their businesses better and more profitably, so they can grow . With the addition of new branded customers such as The Grommet and SOL REPUBLIC, and Shipwire's acquisition by Ingram Micro, the company validates its broad impact on the SMB e-commerce marketplace and importance of a flexible supply chain strategy. from 8 AM - 9 PM ET. As we move forward, we remain committed to ensuring uninterrupted service for our customers. We help them unlock value within For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. The deal with France-based CMA CGM will give Ingram Micro and Platinum Equity, its private equity owner after acquiring the distributor this year for $7.2 billion, a big $3-billion war chest for further acquisitions and investments into its core technology business. The transaction is expected to close during the first half of 2022. Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The Company offers services for order management and fulfillment, contract manufacturing, contract warehousing, product procurement, product . The CLS business has a strong base in contract logistics with eCommerce capabilities including reverse logistics management, parcel visibility, and same-day delivery. The enterprise value of the transaction is USD 3.0 billion. Shipwire is based in Palo Alto and the company provides a cloud logistics and supply chain management platform for ecommerce retailors. Joseph F. Kovar is a senior editor and reporter for the storage and the non-tech-focused channel beats for CRN. This move allows Ingram Micro to focus on the growth and expansion of its core technology distribution and cloud services capabilities. Ingram Micro, the company behind Shipwire, has 154 fully managed warehouses located in 45 countries. Warehousing. Co.Registration No. The transaction includes Shipwire, which is a cloud-based logistics technology platform. Visit us at IngramMicro.com. The price of this acquisition has not been disclosed. 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. 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 addition of Shipwire will enable us to accelerate our growth in a $40 billion market for e-commerce fulfillment . better serve you. The deal with Ingram Micro marks its second major takeover in a month after announcing in early November it would acquire a container terminal at the port of Los Angeles for around $2 billion. Published on www.kitjob.in 17 Mar 2023. Ingram Micro is the world's largest wholesale technology distributor and a global leader in IT supply-chain and mobile device lifecycle services. India. This acquisition illustrates the CMA CGM Groups commitment to strengthening its position as a global leader in shipping and logistics. Moller Maersk (Maersk) has announced plans to enhance its direct PANZ service connecting. That deal, which closed in July, was the largest private equity investment in IT distribution. Get the Latest Cloud Tech News and Insights to Your Inbox, Got Bluetooth? 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. (1) Transport Intelligence (Ti), North American e-commerce Logistics 2012. largest global provider of contract logistics, after the acquisition. Shipwire will now have the growth capital to expand our platform into software solutions for enterprise brands and marketplace retailers. View our. Retailers will sell through multiple channels. 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. The remaining portions of the existing CLS business will be retained by Ingram Micro. Earlier this month China announced it will form a new state-owned logistics group to be a global supply chain developer; whilst PSA International Pte Ltd (PSA) announced it will acquire Philadelphia-based BDP Internationalto improve end-to-end management of supply chains. Copyright Maritime Information Services Ltd. After completing its turnaround this year, our subsidiary CEVA Logistics will accelerate its development and join the world's Top 4 in contract logistics. The closing of this transaction is subject to customary conditions, including regulatory approvals by relevant authorities. Shipwire uses "least-cost routing" to optimally pick, pack and ship the order to the buyer faster, and for less. The agreement included Shipwire and the firm's CLS activities in North America, Europe, India, and certain countries . For more information, please visit: www.cevalogistics.com. You can also expect any of these fulfillment centers to handle your orders quickly. Shipwire is a cloud e-commerce fulfillment platform designed for medium and large D2C brands bundled with the world-leading 3PL service. The acquisition price was not disclosed. Committed to providing leading end-to-end supply chain solutions, the CMA CGM Group will continue its development, relying on two solid pillars, shipping and logistics, with a world leadership position in both sectors., Alain Moni, CEO of Ingram Micro, said, CMA CGM Group is committed to investing in the technology, capabilities, and talent to rapidly become one of the worlds largest players in the global ecommerce space. A complete timeline of Ingram Micro's History from founding to present including key milestones and major events. Committed to the energy transition in shipping, and a pioneer in the use of alternative fuels, the CMA CGM Group has set a target of carbon neutrality by 2050. Discover how Ingram Micro can help you realize the promise of technology. Solutions. 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. In 2011, the companyreceived a strategic investment from eBay and Newell Rubbermaid, the company behind the Calphalon, Rubbermaid and Goody brands. We will continue to invest in growing those businesses organically and through prospective acquisitions.. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships set Ingram Micro apart and ahead. It offers software but not the on-demand SaaScapabilitiesthat it will get with Shipwire. CMA CGM Group has taken a further strategic step in its logistics development with the US$3.0 billion acquisition of most of US tech product distributor Ingram Micro's Commerce & Lifecycle Services business - including logistics businesses in North America, Europe, Latin America and Asia-Pacific. Understanding and Managing Ecommerce Returns. 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. We'll be in touch with you within 1-2 With Ingram Micro, there's no limit. Together, we have a global workforce of more than 98,000 people across nearly 1,000 sites in more . Receive the latest in a $ 40 billion market for e-commerce fulfillment provider of contract logistics,. Software and outsourced pick-pack and ship fulfillment services from warehouses around the world across all products and transportation modes suite! Companies more notable investors are Newell Rubbermaid, the company offers services for order and. And omni-channel fulfilment cloud startup that received nearly $ 15 million in capital! 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