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IKEA Acquires Tech Firm Locus

Ingka Group — the largest IKEA retailer and a strategic partner in the IKEA franchise system — has acquired U.S. logistics-tech firm Locus, which offers AI-powered route optimization, order grouping, and real-time delivery tracking. The acquisition is designed to give IKEA more control over its delivery operations, improve efficiency, and lower costs. The company expects to save roughly €100 million annually in delivery expenses. Online sales now represent about 28% of IKEA’s revenue, up from 11% in 2019, making optimized last-mile logistics especially strategic. Despite the acquisition, Locus will remain operationally independent and continue serving other clients beyond IKEA.