Target Corp., seeking to get more competitive against Amazon and other retailers hastening deliveries times, has agreed to acquire Grand Junction, a three-year-old transportation technology company.
Target said Grand Junction would improve and expand its delivery capabilities and accelerate ongoing efforts to transform its supply chain.
“Grand Junction’s technology and algorithms will help Target deliver to guests faster and more efficiently,” said Arthur Valdez, executive vice president, chief supply chain and logistics officer for Target. “This acquisition is part of Target’s ongoing efforts to strengthen Target’s supply chain to provide greater speed, reliability and convenience for guests.”
San Francisco-based Grand Junction offers a software platform that’s used by retailers, distributors and third-party logistics providers to manage local deliveries through a network of more than 700 carriers.
Grand Junction is working with Target on its same-day delivery pilot at the Target store in TriBeCa in Manhattan.
Target did not disclose the cost of the acquisition. Grand Junction’s employees will become Target team members when the deal closes.
Rob Howard, Grand Junction’s founder and chief executive officer, will become a vice president of technology at Target.