The supply chain company Om Logistics has acquired the container manufacturing firm Transafe Services, a group company of Balmer, Lawrie & Co, at an enterprise valuation of ₹70 crore with interests in manufacturing, logistics and leasing.
Transafe started its journey through the leasing of various types of containers for road and rail transportation of goods. Gaining traction in this field, it organically forayed into the business of customized container manufacturing and logistics services. The company manufactures various types of containers i.e., tank containers, reefer containers, ISO DVC’s – 20/40, bunk houses, e-houses, etc. for multiple industry applications.
“Om Logistics, with its three decades of experience in the field, is a full-service supply chain management company with presence in over 2,000 locations spanning 85 countries, over 20 million square feet of warehousing space, more than 5,000 employees and has achieved an annual turnover of ₹1500 crore,” reads the release.
Raghav Singhal, director, Om Group, said, “With this incorporation, along with various other strategic developments, OLL is striving to become a holistic destination of diversified services for all its international and domestic customers.”
He further added that OLL shall continue to ensure similar strategic investments in future to consolidate supply chain offerings to customers.
Akash Bansal, country head, said, “This acquisition highlights our growth goals in the industry and will certainly help to achieve the position of one of the strongest players in the international logistics scenario. Post this deal, Om Logistics will be in a position to support global networks to provide timely and cost-efficient solutions to customers at large. We are also investing significantly in new adaptive technologies to compete proactively with dynamic supply chain requirements.”
Om Logistics’ existing strength in the industry and the acquisition of Transafe will allow it to offer its wide array of services to untapped markets and provide customized and flexible storage solutions.