Tegma said it made the decision to acquire LTD because of its existing logistics operations in e-commerce and customer relationships.
The business bought by Tegma consists of LTD’s distribution logistics segment, focusing on goods weighing more than 30 kg and/or high-cubage for the business-to-consumer segment. This service falls in line with Tegma’s strategy to grow its distribution operations through builds and buys.
The acquisition of LTD’s operations will cost up to $16.98 million.
According to Tegma announcement, LTD makes about 1.4 million deliveries each year from four locations with a total fleet of 260 vehicles. LTD had a gross revenue of R$43.8 million ($25.2 million) in 2011 and an estimated R$60 million ($34.5 million) for 2012.
