Over the years, TVS LSL has substantially widened its service capabilities, including last mile delivery, demand forecasting, and technology logistics through its acquisitions in the UK such as Rico Logistics and Multipart. It further added capabilities like sub-assembly and sequencing through its Wainwright acquisition in the US. With a global footprint and suite of sophisticated capabilities and services, TVS LSL is now well positioned to increase its coverage across all segments of the logistics supply chain in India and other parts of Asia.

TVS LSL has a significant presence in the UK and in the USA. Its UK business has grown sevenfold in the last five years from £40m to £275m. It is also one of the largest Indian employers in Northern England with more than 3,500 employees in the UK and in Europe. In the USA, it operates through seven facilities with over 800 employees.

CDPQ opened CDPQ India, its New Delhi-based office, in March 2016. It is led by Anita Marangoly George, Managing Director, South Asia, whose mandate is to identify the best investment opportunities in the South Asian markets.

The transaction is subject to the approval by respective boards and by the Competition Commission of India (CCI).

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