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Unit of Indian conglomerate TVS buys S'pore logistics provider

PAL says acquisition will fund development of cutting-edge logistics solutions and grow the company further

From left: Pan Asia Logistics founder Christian Bischoff; TVS Asianics chief executive James McAdam; TVS Logistics Services managing director R. Dinesh; and India's High Commissioner to Singapore Jawed Ashraf at the media conference.


LOGISTICS service provider TVS Asianics, a unit of Indian automotive conglomerate TVS group, has acquired the freight forwarding and contract logistics businesses of Singapore company Pan Asia Logistics (PAL).

But the local holistic logistics provider's other operating...