TVS Logistics to invest Rs 100 crore in UK-based SPC International

TVS Logistics’ UK arm TVS Rico Supply Chain Services has acquired more than 60 percent stake in SPC International, an Uxbridge (UK) based company with an annual turnover of Rs 165 crores. TVS Logistics will invest Rs 100 crores for this acquisition and funding its future growth. This acquisition in the UK adds repair and parts supply to the company’s comprehensive list of end-to-end supply chain services for its customers worldwide. 

R Dinesh, managing director, TVS Logistics Services Ltd, commented, “We started acquiring companies globally in search of knowledge, technology, innovations, and global best practices, and we continue to deliver best-in-class