Yet another acquisition for TNT
Dutch express firm TNT has announced the acquisition of Expresso Araçatuba Transportes e Logística SA, a key delivery partner of TNT Mercurio in Brazil’s Central West and North regions since 2001.
The move follows TNT’s pattern of buying local firms to boost its share in emerging markets; a key growth area for the company, which is experiencing challenging conditions in its traditional European base of operations.
TNT has recently bought Brazil’s Mercurio, India’s Speedage and China’s Hoau, and has not ruled out acquisitions in the Middle East region, where road freight volumes have been growing at around 40% year-on-year.
Not only does the acquisition strengthen TNT’s position in the Brazilian market, it also adds to the potential for further development of flows between Brazil, Chile and Argentina.
Expresso Araçatuba, which employs 2200 people and operates 1000 vehicles and 40 depots, offers express transportation, mainly by road, from southern Brazil to the North and Central West regions, home to the continent’s largest concentration of pharmaceutical companies and large manufacturing plants.
“This is great news for our customers, as it enhances TNT’s value proposition by creating a seamless nationwide capability,” said Curtis Watson, regional managing director, Latin America.
“Customers in Brazil can now benefit from TNT’s broad range of services and domestic and regional coverage via the South American Road Network,” Watson added.