17 March 2020
Costco has acquired Innovel Solutions, a leading provider of third-party end-to-end logistics solutions, in a deal valued at $1bn.
Builds on existing partnership
Costco acquired the company from Transform Holdco, which operates the Sears and Kmart stores in the US. Innovel has provided Sears and other retailers with a last-mile delivery solution, including installation, for large, bulky ite...