May 19, 2020

Costco purchases Innovel logistics for US$1bn

Supply Chain
Procurement
Chief Procurement Officer
Supply Chain Digital
Bizclik Editor

Costco Wholesale completes its acquisition of Innovel Solutions with a US$1bn purchase of the logistics specialist. 

The US$1bn cash purchase of Innovel Solutions - a subsidiary of Transform Holdco, the parent company of Sears and Kmart - comes as part of the wholesalers ambitious to enhance its last mile operations.

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