TVS SCS, Sankyu to advance supply chain, engineering services
The collaboration will initially focus on opportunities in India, where both companies see significant potential to support manufacturing and industrial customers through a broader range of supply chain and engineering services.
India’s TVS Supply Chain Solutions (TVS SCS) has announced the signing of a strategic MoU with Sankyu, a Japan-headquartered logistics and engineering company, to collaborate across supply chain and engineering services.
The partnership brings together TVS SCS’s extensive supply chain capabilities, strong market presence and deep customer relationships with Sankyu’s engineering expertise, logistics capabilities and long-standing relationships across the Japanese industrial ecosystem, according to a media release.
By combining these complementary strengths, the companies will explore opportunities to deliver enhanced value through a broader portfolio of solutions spanning logistics, warehousing, transportation, engineering services, maintenance and on-site industrial support.
As part of the MoU, Sankyu intends to acquire an equity stake of 0.5% in TVS SCS subject to customary regulatory approvals.
The collaboration will initially focus on opportunities in India, where both companies see significant potential to support manufacturing and industrial customers through a broader range of supply chain and engineering services.
Over time, the collaboration is expected to expand into other markets across Asia, the Middle East and Africa, leveraging the combined capabilities of both organisations, the media release said.
“This partnership represents an important step in our strategy to strengthen our capabilities and create greater value for customers,” said R. Dinesh, Chairman, TVS Supply Chain Solutions. “Sankyu’s engineering expertise and deep relationships across the Japanese industrial ecosystem complement TVS Supply Chain Solutions’ integrated supply chain capabilities, strong customer relationships and market presence.”
“Our two companies possess a strong strategic alignment, and by integrating and complementing our respective strengths, we look forward to achieving collective growth in the global market and contributing to sustainable industrial development,” said Kimihiro Nakamura, President and CEO, Sankyu Inc.
