Save Search . Target announces plans to acquire San-Francisco based Grand Junction. Target has agreed to acquire Grand Junction, which is a transportation technology company. Target Corp. (NYSE: TGT) today announced it has agreed to acquire Grand Junction, a transportation technology company, to improve and expand Target’s Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com! Target Corp. TGT, +3.04% said Monday that it is acquiring transportation technology company Grand Junction. Target’s acquisition of Grand Junction is thus seen as a big positive because it should enhance TGT’s speed of delivery through its technology and carrier network. The goal: To accelerate Target’s investments and ongoing efforts to transform its supply chain. Acquisition search results. It will also boost our ability to offer new services – like same-day delivery, and even assembly and installation – to our guests.” Upon deal close, Grand Junction… “With this acquisition, Target will have immediate access to Grand Junction’s technology and carrier network, which will accelerate the work we’re doing to improve our speed of delivery. Target Corporation (TGT Quick Quote TGT - Free Report) announced Monday that it is acquiring the transportation tech company Grand Junction to expand its delivery capabilities.Terms of … Target will acquire Grand Junction for an undisclosed amount. The move hints that Target is seeking to bring companywide same-day delivery closer to … Grand Junction . Resources. Advanced. Target announced Monday (Aug. 14) that it has inked a deal to acquire Grand Junction, a transportation technology company in an effort to expand and improve its delivery abilities. Get Free Updates. Financial details about the acquisition were not disclosed. Once the deal closes, Grand Junction employees will become Target staffers. Aug 14, 2017. Target has invested heavily in its delivery network over the last few years, including its $550 million cash acquisition of Shipt in 2017 and its acquisition of Grand Junction the same year. Currently, Grand Junction is working with Target on its same-day delivery pilot at the Target store in New York’s Tribeca neighborhood. Details were not available regarding the cost of the acquisition. Target buys tech startup Grand Junction to help with same-day delivery Search Crunchbase. Subscribe. Key Facts Surrounding This News Item. “This acquisition is part of Target’s ongoing efforts to strengthen Target’s supply chain to provide greater speed, reliability and convenience for guests.” Grand Junction, founded in 2014, is a software platform used by retailers, distributors and third-party logistics providers to manage local deliveries through a network of more than 700 local and regional carriers. Retail giant Target Corp. (NYSE: TGT) is taking a plunge into the commercial transportation industry with the planned acquisition of Grand Junction, a transportation technology company. Target Corp. announced it has agreed to acquire Grand Junction, a transportation technology company, to improve and expand Target’s delivery capabilities. A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Target Acquires Transportation Company Grand Junction to Expand Same-Day Delivery The company had already been working with Target on a same-day delivery pilot program in New York’s Tribeca neighborhood, prior to this deal. Target Corporation (TGT): Acquisition News. Target says Grand Junction’s technology will … But the demand for grocery delivery has increased in recent months due to the coronavirus pandemic. “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, Target. Target Corp. has agreed to acquire Grand Junction, a tech company specializing in solutions for local delivery, to improve and expand its capabilities in this space. Products. With this acquisition, Target will have immediate access to Grand Junction’s technology and carrier network, which will accelerate the work we’re doing to improve our speed of delivery. The acquisition will also accelerate Target’s investments and ongoing efforts to transform its supply chain. Pricing. “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, Target. Target (Minneapolis) has acquired three-year-old transportation technology company Grand Junction (San Francisco), which is expected to improve the retailer’s supply chain and expand its delivery capabilities. Target . The San Francisco-based company offers a software platform used by retailers, distributors and third-party logistics providers to manage local transportation through a network of more than 700 carriers. Resources. Target is getting serious about improving its last mile delivery, logistics and supply chain capabilities, with the acquisition of Grand Junction, a technology transportation company offering software that manages local delivery throughout North America.Terms of the transaction have not been disclosed. Companies People Investors Funding Rounds Acquisitions ... Grand Junction acquired by Target . “Grand Junction’s technology and algorithms will help Target deliver to guests faster and more efficiently Grand Junction’s 13 employees will become Target workers after the deal closes, Target said. Grand Junction has developed software that optimizes local delivery options for retail deliveries. Try Pro free Solutions. Rapidly approaching 100 million deliveries managed to-date, Target Corporation – Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report Summary Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. 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