C.H. Robinson buys Indian 3PL Triune
Minneapolis-based trucking and multimodal logistics provider, C.H. Robinson, has acquired privately held Indian non-asset-based third-party logistics provider Triune for an undisclosed amount.
Chennai-based Triune Freight Private Ltd. and Triune Logistics Private Ltd., have about 160 employees in 19 offices throughout India, with annual gross revenues of about $11 million.
Triune lists 600 customers to which it primarily provides air and ocean international forwarding along with customs clearance services. They also have a projects division focused on specialized movements and solutions.
'Further expansion of our international freight forwarding network is one of our core growth strategies, and Triune is an excellent introduction for us into one of the world’s fastest-growing economies,' said Jeff Scovill, C.H. Robinson's vice president of international.
'They are a great company with a driven, service-oriented team of people and a well-balanced mix of forwarding services and customers. With Triune on board we can offer full coverage from northern to southern India, and we have a key platform to develop the C.H. Robinson network further into Southeast Asia,' Scovill said.
C.H. Robinson has offered employment to all Triune's employees and Managing Director T.J. Srinivasaraj will become C.H. Robinson's director of Indian subcontinent.
C.H. Robinson buys Indian 3PL Triune
