Metro Acquires Evolution Time Critical
Metro Supply Chain Group Completes Buy-out of Top Europe-based Time Critical Logistics Specialist
Leading 3PL provider expands global footprint and logistics services offering and increases automotive industry presence.
Metro Supply Chain Group, a leading 3PL solutions provider in North America, has expanded its global automotive capacity with the acquisition of Europe-based automotive and industrial services emergency logistics specialist, Evolution Time Critical. The company’s expedited freight expertise complements Metro’s specialism in providing customized logistics solutions, helping to provide a truly cross-industry, multimodal global service.
“Following detailed market analysis, Metro Supply Chain Group has identified the growth potential of premium freight in the automotive, aerospace, oil and gas, and healthcare industries, amongst many others. The value brought to our business by Evolution Time Critical is an exciting opportunity to expand our global footprint,” says Chiko Nanji, CEO, Metro Supply Chain Group. “The acquisition builds on the organic growth we have experienced, having tripled in size in the last five years, and demonstrates our commitment to providing an evolving service that enables us to achieve even more for our customers.”
With origins in consumer goods, Metro Supply Chain Group currently specializes in providing customized solutions incorporating warehouse and transportation management, post production customization and professional services. To further support its growing business its next customer service hub is being opened in 2016. Evolution Time Critical, which will remain headquartered in the UK, provides a robust supply chain safetynet by providing contingency for manufacturers and suppliers that protects against financially costly unscheduled production stoppages or service delivery failures.
“We already provide aftermarket parts warehousing and distribution services for the automotive industry so understand the pressure of time-constraint experienced within the automotive supply chain; the acquisition of Evolution Time Critical not only broadens our capability, but provides us with proven, long-established European bases that are the hub of a global operation,” says Martin Graham, Metro Supply Chain Group President. “This acquisition is mutually beneficial for existing Metro and Evolution customers, and enables us to offer solutions in new markets and tackle fresh challenges, while achieving our goal of providing a truly international logistics company.”
Beyond its two UK locations, Evolution Time Critical has a further base in Dusseldorf, Germany, which will also benefit from the backing and infrastructure provided by Metro Supply Chain Group. “We are extremely proud of the reputation forged by Evolution Time Critical’s awards-recognised.
MARKET ENGINEERING LTD. | Tel : +44 (0) 1295 277 050 Web: www.m-eng.com North Bar House, 43-44 North Bar, Banbury, Oxfordshire, UK, OX16 0TH. Registered in England & Wales. Company No: 02524563
Metro Groupe de Chaîne d’Approvisionnement conclut un investissement stratégique dans la compagnie de logistique de défense HCL Logistics