Mitsubishi Corp picks minority stake in TVS SCS for undisclosed amount
Summary
MC’s investment is through a secondary market transaction which will allow an existing investor - Tata Opportunities Fund - to secure a partial exit. TOF, however, will continue to hold a residual stake and remains a key strategic investment partner for TVS SCS. Through our partnership with Mitsubishi Corporation, we aim to accelerate our growth in the years to come.” For TVS SCS, this investment will further strengthen its leadership position, to a much larger customer footprint, by extending its complete suite of digital supply chain solutions and value-added services. He said, TVS SCS’ key strength has been its ability to provide globally integrated solutions by leveraging its digital capabilities together with its international footprint across UK/Europe, Asia and the USA. Its strategy of seamlessly integrating its unique digital capabilities with its wide physical network helps drive operational efficiencies and cost optimisation for its clients.