Stord completes acquisition of Ware2Go from UPS

Stord, a commerce-enablement leader providing high-volume fulfillment services and e-commerce technology for leading brands, has closed its acquisition of Ware2Go, a subsidiary of UPS and announced its partnership with UPS.

Through the acquisition, Stord adds 21 new fulfillment centres to its network and end-to-end platform of WMS, OMS and CX technology, becoming one of the largest fulfillment networks in volume and reach, says an official release from Stord.

"Ware2Go brings an additional 2.5M square feet of fulfillment centres, which complements Stord’s existing 11-node North American footprint and existing partner network. This acquisition comes as more e-commerce brands seek to establish greater operational capabilities in the United States and need fast, cost-effective fulfillment."

Founded in 2018 as a UPS subsidiary, Ware2Go specialises in asset-light, D2C and B2B fulfillment across a diverse array of industries, including ready-to-drink beverages, skin care, supplements and electronics, the release added. "The company’s service offerings include direct-to-consumer shipping, seller fulfilled prime (SFP) and retail compliant B2B shipments. Ware2Go’s customers enjoy high-quality warehouse operations, distributed inventory and order orchestration in addition to world-class parcel and transportation. The Ware2Go acquisition enhances Stord as the market-leader, redefining the commerce journey, and empowers merchants of all sizes to deliver experiences that delight consumers."

Sean Henry, CEO and Co-Founder, Stord says: "We are in a unique period for e-commerce and retail as brands struggle to manage through shifting global trade policies. Even with macro uncertainty, e-commerce end consumers still expect rapid delivery, perfect order accuracy, easy returns, and more. This acquisition of Ware2Go is a strategic investment that expands our U.S. domestic footprint and capabilities while strengthening our partnership with UPS. This partnership will allow us to deploy our technology across the Ware2Go network, enhance offerings for our joint customers and combine our scale to be one of the largest fulfillment networks in North America."

Archita Prasad, President, UPS Digital adds: "We are thrilled to partner with Stord through their acquisition of Ware2Go. Customers will benefit from Stord’s market-leading scale and reputation, backed by their comprehensive suite of technology-driven solutions."

The announcement accelerates the momentum from Stord’s recent $200 million Series E and debt funding round and $1.5 billion valuation. The acquisition and funding are unrelated. The terms of the acquisition were not disclosed, the release added.

Sean Henry, CEO, Stord. Video credit: LinkedIn