TVS Supply Chain Solutions strengthens Multipart brand
Date: 3rd Apr 12
With effect from 2 April 2012, Multipart’s parent company has a new name: TVS Supply Chain Solutions Ltd (TVS SCS).
The new name reflects a natural progression, underlining Multipart’s acquisition by the TVS Group of India in September 2009 and paving the way for further TVS acquisitions and growth in the European logistics sector. The name change is also a reminder in a competitive marketplace of the financial strength of the business – which has a parent company with a combined turnover of $6 billion.
TVS SCS has involvement well beyond Multipart – as well as the commercial vehicle aftermarket, it is active in the defence and beverage industries as well as being a major supplier of line side production parts for clients such as Cummins and Perkins. The company also has European logistics operations in Spain and Germany as well as the UK.
“The change of name is indicative of our intention to develop our business – both by organic growth but also through acquisition”, said Richard Slee, CEO of TVS Europe. “Multipart remains a strong brand in the UK CV industry and we plan to have suite of logistics businesses with at least as strong a presence in a variety of other industrial sectors”.
Notes to Editors:
TVS Group (www.tvsgroup.com) is a major Indian automotive company, with a turnover in excess of $6 billion and over 40,000 employees worldwide.
It is a manufacturer of a wide range of 2 wheel and 3 wheel vehicles, and a major tier 1 supplier to the wider motor industry with a wide range of products and brands. In addition, TVS is a major distributor and retailer of vehicles in the Indian market.
TVS Logistics Services (www.tvslogisticsservices.com) provides supply chain management services to vehicle manufacturers, component manufacturers, and parts wholesalers worldwide.
TVS Supply Chain Solutions ( www.tvsscs.com ), based in Chorley, UK, is the European arm of TVS Logistics Services, with operations in the UK, Spain, and Germany.
For further information please contact:
Martin Hayes/Belle Moss, Automotive PR +44 (0) 207 952 1070
Leave a Comment
Your comments will be moderated before being displayed above. Please note that we will not display your email address, but we might use it to email you back. Links may be included in your comments but HTML is not permitted. Fields marked * are required.