December 5, 2013 2:30 PM, EST

Ingram Micro Buys Shipwire to Expand e-Commerce Services

Susan Goldman/Bloomberg News

Ingram Micro Inc., a wholesale distributor of electronics and mobile phones, said it will expand its supply chain services after purchasing Shipwire Inc., a global company that ships products ordered online.

“The addition of Shipwire will enable us to accelerate our growth in a $40 billion market for e-commerce fulfillment,” Micro Ingram CEO Alain Monie said.

Ingram Micro Logistics, based in Santa Ana, Calif., and the supply chain services unit of Ingram Micro, ranks No. 25 on the Transport Topics Top 50 Logistics Companies list.

The acquisition of Shipwire remains subject to regulatory approval, but is expected to close by the end of the year, company officials said.

Shipwire, based in Palo Alto, Calif., will operate as a wholly owned subsidiary of Ingram Micro with founder and CEO Damon Schechter staying on as president. The firm has warehouses in North America, Europe and Asia

Joining forces with Ingram Micro, Schechter said, will enable the company to expand “much more quickly than we could have as a stand-alone company.”