TVS Supply Chain Solutions Limited (TVS SCS) has signed a strategic Memorandum of Understanding (MoU) with Japan-headquartered logistics and engineering company Sankyu Inc. to explore growth opportunities across supply chain and engineering services.
The partnership combines TVS SCS’s supply chain capabilities, market presence and customer relationships with Sankyu’s engineering expertise, logistics capabilities and established relationships across the Japanese industrial ecosystem. Together, the companies will explore opportunities across logistics, warehousing, transportation, engineering services, maintenance and on-site industrial support.
As part of the MoU, Sankyu intends to acquire a 0.5% equity stake in TVS SCS, subject to customary regulatory approvals.
The collaboration will initially focus on India, where the two companies see opportunities to support manufacturing and industrial customers with a wider range of integrated supply chain and engineering services. The partnership is also expected to support the evolving requirements of Japanese companies operating in India, while serving a broader industrial customer base.
Over time, TVS SCS and Sankyu plan to explore opportunities across Asia, the Middle East and Africa, as well as other global markets where both organisations have an established presence.
R. Dinesh, Chairman, TVS Supply Chain Solutions, said, “This partnership represents an important step in our strategy to strengthen our capabilities and create greater value for customers. Sankyu’s engineering expertise and deep relationships across the Japanese industrial ecosystem complement TVS Supply Chain Solutions’ integrated supply chain capabilities, strong customer relationships and market presence. We share a strong commitment to long-term value creation, and together we are well positioned to deliver more comprehensive solutions, support the evolving needs of manufacturing and industrial customers, and unlock new growth opportunities across India and other strategic markets.”
Mr. Kimihiro Nakamura, President and CEO, Sankyu Inc, said, “Since our inception in 1918, Sankyu has been dedicated to supporting the progress of the manufacturing sector, underpinned by our core philosophy of valuing our people. We are profoundly honoured to enter into this partnership with TVS SCS, an organisation that shares our philosophy and commitment to the highest ethical standards. Our two companies possess a strong strategic alignment, and by integrating and complementing our respective strengths, we look forward to achieving collective growth in the global market and contributing to sustainable industrial development.”
To oversee the partnership, the companies will establish a joint steering committee comprising representatives from both organisations. The committee will identify growth opportunities, oversee strategic initiatives and support the development of integrated solutions aimed at creating greater value for customers and other stakeholders.
