List of Target 's 11 Acquisitions, including Deliv and Shipt. Target announces plans to acquire San-Francisco based Grand Junction. Upon deal close, Grand Junction⦠Try Pro free Solutions. Details were not available regarding the cost of the acquisition. Target Corp. announced it has agreed to acquire Grand Junction, a transportation technology company, to improve and expand Targetâs delivery capabilities. Log In. Search Crunchbase. 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. Target Corporation â 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. Acquisition search results. Targetâs acquisition of Grand Junction is thus seen as a big positive because it should enhance TGTâs speed of delivery through its technology and carrier network. âGrand Junctionâs technology and algorithms will help Target deliver to guests faster and more efficiently,â 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. Grand Junction has developed software that optimizes local delivery options for retail deliveries. A roundup of todayâs 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 Yorkâs Tribeca neighborhood, prior to this deal. It will also boost our ability to offer new services â like same-day delivery, and even assembly and installation â to our guests.â The move hints that Target is seeking to bring companywide same-day delivery closer to ⦠But the demand for grocery delivery has increased in recent months due to the coronavirus pandemic. Key Facts Surrounding This News Item. 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 ⦠Products. âGrand Junctionâs technology and algorithms will help Target deliver to guests faster and more efficiently,â said Arthur Valdez, executive vice president, chief supply chain and logistics officer, Target. âWith this acquisition, Target will have immediate access to Grand Junctionâs technology and carrier network, which will accelerate the work weâre doing to improve our speed of delivery. Get Free Updates. 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. Currently, Grand Junction is working with Target on its same-day delivery pilot at the Target store in New Yorkâs Tribeca neighborhood. The acquisition will also accelerate Targetâs investments and ongoing efforts to transform its supply chain. 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. 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. Target Corp. TGT, +3.04% said Monday that it is acquiring transportation technology company Grand Junction. Aug 14, 2017. With this acquisition, Target will have immediate access to Grand Junctionâs technology and carrier network, which will accelerate the work weâre doing to improve our speed of delivery. Target Corporation (TGT): Acquisition News. Target . Grand Junction . The goal: To accelerate Targetâs investments and ongoing efforts to transform its supply chain. Advanced. Target has agreed to acquire Grand Junction, which is a transportation technology company. Target says Grand Junctionâs technology will ⦠Grand Junctionâs 13 employees will become Target workers after the deal closes, Target said. 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. Financial details about the acquisition were not disclosed. Target (Minneapolis) has acquired three-year-old transportation technology company Grand Junction (San Francisco), which is expected to improve the retailerâs supply chain and expand its delivery capabilities. âThis acquisition is part of Targetâs ongoing efforts to strengthen Targetâs supply chain to provide greater speed, reliability and convenience for guests.â 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. âGrand Junctionâs technology and algorithms will help Target deliver to guests faster and more efficiently Resources. Once the deal closes, Grand Junction employees will become Target staffers. Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com! Target Corp. (NYSE: TGT) today announced it has agreed to acquire Grand Junction, a transportation technology company, to improve and expand Targetâs Target will acquire Grand Junction for an undisclosed amount. Save Search . Pricing. Companies People Investors Funding Rounds Acquisitions ... Grand Junction acquired by Target . Resources. âThis acquisition is part of Targetâs ongoing efforts to strengthen Targetâs supply chain to provide greater speed, reliability and convenience for guests.â Grand Junction is a software developer that has created a platform that enables retailers, distributors and 3PL providers to manage local deliveries through a network of more than 700 carriers. Subscribe. Rapidly approaching 100 million deliveries managed to-date, Target buys tech startup Grand Junction to help with same-day delivery Acquiring transportation technology company Grand Junction acquired by Target News, insights and top rated from. 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