1. TVS Logistics acquires Oz’s Transtar

TVS Logistics acquires Oz’s Transtar

TVS Logistics Services, the third party logistics company which is part of the TVS group, has acquired a majority stake in Australia-based Transtar International Freight through TVS Asianics Supply Chain Solutions, its Singapore-based joint venture company.

By: | Chennai | Published: October 9, 2015 12:22 AM

TVS Logistics Services, the third party logistics company which is part of the TVS group, has acquired a majority stake in Australia-based Transtar International Freight through TVS Asianics Supply Chain Solutions, its Singapore-based joint venture company.

The majority stake of over 51% was acquired for a sum of R200 crore. Addressing a press conference here on Thursday, R Dinesh, managing director, TVS Logistics, said: “The acquisition not only brings in an additional revenue of $200 million annually but also brings in lot of customers with China as the major customer market, which hitherto TVS Logistics was lacking.”

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