Google locks up deal for parcel firm

Nov 30, 2012
Google has agreed to acquire Canadian start-up BufferBox, which manages self-service parcel lockers to help consumers avoid missed deliveries, the companies said.

Google has agreed to acquire Canadian start-up BufferBox, which manages self-service parcel lockers to help consumers avoid missed deliveries, the companies said Friday.

Terms of the deal were not disclosed.

The company began with a in Waterloo, Ontario, and has been rolling out a network of pick-up stations across the Toronto area.

"We are now excited to share that we have been acquired by Google," BufferBox said in a blog posting.

"We have a huge vision for this space and we couldn't be happier to be building it out within a fantastic organization."

A Google statement said: "We want to remove as much friction as possible from the shopping experience, while helping consumers save time and money, and we think the BufferBox team has a lot of great ideas around how to do that."

The move comes with Google increasingly entering the retail space with its own shopping site and a Google Play Store, which sells not only digital products but hardware such as Google-branded tablets and smartphones.

The service could help Google compete with other online retailers like Amazon, which have similar services.

On Wednesday, said it agreed to buy the Incentive Targeting in a move that gives the tech giant more tools to work with retailers on discounts and other promotions.

Explore further: Sony surprises with first quarter profit

add to favorites email to friend print save as pdf

Related Stories

Google buys marketing firm to boost discount moves

Nov 28, 2012

Google has agreed to buy the marketing firm Incentive Targeting in a move that gives the tech giant more tools to work with retailers on discounts and other promotions, the two firms said Wednesday.

Groupon bargain service taps ex-Google exec

Apr 22, 2011

Online bargain hunter Groupon announced the appointment of former Google executive Margo Georgiadis on Thursday, saying she would oversee global sales, marketing and operations.

Google mulling online retail move: report

Dec 02, 2011

Internet powerhouse Google is in talks with major retailers about an online shopping service that would deliver purchases to buyers within 24 hours, The Wall Street Journal reported Thursday.

Google buys instant messaging firm Meebo

Jun 04, 2012

Google has agreed to buy the online messaging firm Meebo, a move expanding the Internet giant's capabilities for instant sharing of Web pages using social networks.

Recommended for you

Alcatel loss narrows in 2Q but revenue stagnates

32 minutes ago

(AP)—Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.

Sony surprises with first quarter profit

5 hours ago

(AP)—Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.

Samsung profit falls as smartphone sales slow

5 hours ago

(AP)—Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter.

User comments : 0