TVS Logistics acquires Transtar to strengthen its footprint in APAC

TVS Logistics, third party logistics (3PL) service provider, has acquired Australia-based Transtar  International Freight, through its JV arm TVS Asianics Supply Chain Solutions. The Madurai headquartered TVS Logistics will invest Rs 200 crore towards acquiring majority stake and to grow the business. Transtar, an integrated transportation and supply chain solutions provider throughout the Asia region will now help TVS Logistics to strengthen its footprint in the Asia-Pacific region, which already has its presence in South East Asian countries like Singapore, Thailand and China. Post the deal, Transtar will continue to be headquartered in Melbourne (Australia).

L-R: S Ravichandran, ED, TVS Logistics Services, Hank Meyer, Group MD, Transtar International Freight, R Dinesh, MD, TVS Logistics Services and James H McAdam, CEO, TVS Asianics Supply Chain

The deal will help TVS Asianics to become a specialized player in International Freight Forwarding and provide end-to-end solutions for importers and exporters doing business throughout Asia. Further in this direction, TVS Logistics will be moving its Indian Freight Forwarding business subsidiary – TVS Dynamic Global Freight Services – to TVS Asianics to work as a consolidated division in Freight Forwarding business, however, the move is subject to RBI’s approval. TVS Asianics is headed by James McAdam, who is also the CEO and Partner operating out of Singapore.

R Dinesh, Managing Director, TVS Logistics Services said, “Transtar is an important business addition for TVS Logistics as it not only strengthens our presence across Asia Pacific region but also completes our service offering by including end-to-end freight forwarding solutions. We are now a globally relevant player with unique differentiation which along with our Global presence and synergies will help our customers to truly experience World class solutions from us.”

Commenting on the deal, Hank Meyer, CEO and Founder, Transtar, said, “We are delighted to partner with TVS Asianics and become part of the TVS Logistics global network. We are excited about the ability to integrate into TVS LSL’s expanding international network and significantly expand the scope of our end-to-end logistics products for our customers.”