Ingka Investments, the investment arm of Ingka Group (IKEA), owner and operator of 482 IKEA stores in 31 countries, has bought Made4Net, a provider of cloud-based warehouse management system (WMS) and supply chain execution software, from Thompson Street Capital Partners.
Made4Net offers software services for organizations of all sizes, aiming to improve the speed and efficiency of their supply chain. In conjunction with the transaction, Ingka Group will be implementing Made4Net’s software service across its footprint of IKEA stores as part of its digital transformation and omni-channel commerce strategy.
“In strong partnership with TSCP, we’ve been able to strategically enhance the capabilities of our platform, build a top-notch team, execute on M&A, and significantly expand our geographic presence,” comments Duff Davidson, CEO of Made4Net. “We’re excited to further expand those capabilities for all of our customers through the increased backing of Ingka Group and also look forward to helping IKEA’s global retail network deliver on its omni-channel fulfillment vision.”