Costco has purchased the logistics firm Innovel Solutions to cover the last mile of its high-volume product delivery business, particularly in the United States of America and Puerto Rico. The corporate operation has been closed for USD 1 billion dollars (€933 million).
Innovel, which has worked with Costco since 2015, was owned by the operator of Sears, Transform Holdco LLC, and will continue to provide services to Sears and its other existing external customers, explains Reuters. The chain will take on the more than 1,500 Innovel employees, according to a statement issued.