Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, MO, announced today it has completed the sale of Made4net, a global provider of cloud-based Warehouse Management System (WMS) & supply chain execution software, to Ingka Investments, the investment arm of Ingka Group (IKEA), owner and operator of 482 IKEA stores in 31 countries. In conjunction with the acquisition, Ingka Group will be rolling out Made4net’s software solution across its global footprint of IKEA stores as part of its broader digital transformation and omni-channel commerce strategy. Terms of the transaction were not disclosed.
“We are extremely proud of what we have accomplished with the entire Made4net team over the past several years, meaningfully extending the company’s global market position through both organic and inorganic investments,” said Tom St. Geme, Director at Thompson Street Capital Partners. “Made4net has found a fantastic new home with Ingka Group, and the new IKEA relationship represents a transformational milestone for the company, reinforcing Made4net’s commitment to building world-class supply chain software solutions for customers large and small across the globe.”
“In strong partnership with TSCP, we’ve been able to strategically enhance the capabilities of our platform, build a top-notch team, execute on M&A, and significantly expand our geographic presence,” said Duff Davidson, CEO of Made4net. “We’re excited to further expand those capabilities for all of our customers through the increased backing of Ingka Group and also look forward to helping IKEA’s global retail network deliver on its omni-channel fulfillment vision.”
Ingka Group’s backing will boost investment in Made4net’s product innovation, customer support resources, and global market position. Made4net will continue to operate as an independent subsidiary from its headquarters in New Jersey, U.S., and its six global offices where the company supports hundreds of global customers.