Target Corp. — increasingly aware that shoppers want the things they buy online to arrive right away — is acquiring a San Francisco transportation technology company that facilitates same-day deliveries.
The discount retailer announced Monday that it has agreed to acquire tech start-up Grand Junction, whose software manages local deliveries using a network of about 700 carriers.
“We’ll leverage Grand Junction’s platform … to become even faster and more efficient in how we get products to our guests,” Arthur Valdez, Target’s chief supply chain and logistics officer, said in a statement.
Target declined to reveal financial details of the acquisition. It said the deal would...