Quiet Logistics will become a wholly-owned AEO subsidiary and will continue to run its business independently.
Quiet Logistics services are offered through a network of centres, operating in Boston, Chicago, Los Angeles, Dallas, St. Louis and Jacksonville, locating products closer to need, creating inventory efficiencies and providing affordable same-day and next-day delivery options to customers and stores.
The new decision builds upon the recent acquisition of AirTerra by AEO, the company said in a press release.
The Quiet network will support AEO’s continued growth, while also driving economies of scale as it expands its customer base to other brands and retailers seeking advanced logistics capabilities.
AEO expects the transaction to be accretive in the first full year post-closing.
Fibre2Fashion News Desk (DS)