Stord has completed its acquisition of Shipwire from CEVA Logistics, with the deal closing on Jan. 1. The move adds 12 fulfillment locations to Stord’s network and expands its reach across the U.S., Europe, and the U.K.
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Shipwire built its business around helping small and fast-growing e-commerce brands handle warehousing, shipping, and fulfillment. Over time, the company developed tools that connect with more than 200 e-commerce platforms and online marketplaces.
“Joining forces with Stord is a decisive move that accelerates our logistics technology and intelligent supply chain vision,” said Marcelo Wesseler, CEO of Shipwire. “Our customers, technology, and proprietary AI applications fit perfectly with Stord’s existing customer base and impressive suite of software offerings. I look forward to a bright future for both the Shipwire teams and customers under Stord’s stewardship.”
The deal brings Shipwire’s technology team into Stord’s order management system and gives Stord continued access to CEVA’s global warehouse network, which spans more than 120 million square feet worldwide.
“By acquiring Shipwire, Stord is even better positioned to help brands of all sizes deliver unparalleled consumer experiences on every order, every time, anywhere in the world,” said Sean Henry, CEO and Co-Founder of Stord. “This unification brings together two of the most accomplished technological companies in the fulfillment space, and will set Stord to be the dominant AI-leader as brands race to find and implement the technology they will need to stay competitive. I am elated to welcome both the teams and the customers to Stord, and look forward to accomplishing amazing things together.”
The Shipwire deal continues Stord’s push to grow through acquisitions. In recent years, the company has added Fulfillment Works, ProPack, Pitney Bowes E-Commerce Fulfillment, and Ware2Go to its network.
Financial terms of the acquisition were not disclosed.
