TVS Logistics acquires British company for over Rs 100 cr

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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