M&A

M&A

TVS Supply Chain acquires 69% stake in FIT 3PL Warehousing

Mint  

Chennai-based TVS Supply Chain Solutions (TVS SCS) has acquired a 69.1% stake in Bengaluru-based FIT 3PL Warehousing Private Ltd, from FIT Consulting and Services Pvt Ltd. Set up in 1997, FIT 3PL provides end-to-end contract logistics services to over 70 customers across sectors such as office automation, FMCG, e-commerce, retail, auto & engineering and hi-tech. FIT 3PL's network includes 60 plus facilities managing more than 1.5 mn. sq. ft of warehousing space across 30 cities in India.