Target Corp. has agreed to an acquisition that appears to be strategically aimed at boosting Target’s chances of competing with Amazon.
The Los Angeles Times reports that Target is acquiring the tech startup Grand Junction. The San Francisco-based transportation technology company provides software that facilitates same-day deliveries.
The Grand Junction software manages local deliveries through a network of about 700 carriers, The Times notes.
In a statement, Arthur Valdez, chief supply chain and logistics officer for Target, said: “We’ll leverage Grand Junction’s platform … to become even faster and more efficient in how we get products to our guests.”
Target said Grand Junction’s 13 employees will become Target workers after the deal closes. Target did not reveal financial details of the acquisition.