TVS Logistics acquires British company for over Rs 100 cr

Chennai March 2 (IANS) Integrated supply chain major in India TVS Logistics Services Ltd through its British arm TVS Rico Supply Chain has acquired over 60 per cent stake in Britain-based SPC International for over Rs 100 crore the company said on Thursday.

In a statement here TVS Logistics said the British company SPC International has a turnover of Rs 165 crore and the acquisition adds repair and parts supply to the company s comprehensive list of end-to-end supply chain services for its customers worldwide.

SPC International has operations in Britain France Slovakia the US and India; and provides employment to 350 skilled professionals across these geographies.

It offers hardware support with specialisation in IT spares and repairs supporting original equipment manufacturers and multi-vendor maintenance companies.

We started acquiring companies globally in search of knowledge technology innovations and global best practices and we continue to deliver best-in-class logistics services in developed economies like Britain and the US R. Dinesh Managing Director TVS Logistics was quoted as saying in the statement.

--IANS
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