ACQUISITION FM LOGISTIC AND SPEAR LOGISTICS

21 March 2016 RUSSIA

True to its “Ambition 2022” strategic plan, FM Logistic cooperates with major players of logistics markets in emerging countries. A real business launchpad, India offers FM Logistic extraordinary opportunity for its development in Asia. In 2015, the Indian economy experienced a growth rate of over 7%. By 2030, it will be the biggest consumer market worldwide and the third largest economy in the world. Furthermore, the Indian logistics market is at the dawn of an unprecedented move to reorganization and consolidation led by the new tax harmonization law for products and services (GST) and by the swift development of e-commerce.

FM Logistic and Spear Logistics, which is ranked among the TOP 5 Indian providers, will operate in the strategic sectors of e-commerce, telecommunications, retail, consumer goods, industry and automotive.

Together, the companies are going to prepare the groundwork in order to implement a logistics plan in line with tax harmonization in India. This project will lead to the creation of regional distribution centers that FM Logistic and Spear Logistics will manage from multi-client platforms, which will be set up near the main Indian cities.

“This alliance of skills enables us to offer our customers a global and reliable service – from warehousing to distribution and transport, covering all distribution channels, including e-commerce, for industrials and retailers, and for all sectors”, says Gautam Dembla, Managing Director of Spear Logistics.

“With the acquisition of Spear Logistics we are integrating a company of great logistics professionals”, affirms Jean-Christophe Machet, CEO of FM Logistic. “These new teams constitute an extraordinary asset in meeting the requirements of our customers in a major FMCG market”.

In addition to its in-depth knowledge of the diversity and complexity of the Indian market, Spear Logistics brings with it nationwide coverage and a customer base comprised of major national and multinational companies. FM Logistic will be bringing its international network into the partnership, along with its reputation, its cutting-edge working tools and all the latest technologies in logistics innovation.

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About Spear Logistics

Spear Logistics was created in 2001 by private investment funds. It is one of the leaders in Indian logistics with a revenue of 18 million euros (by the end of financial year March 2016). It now boasts a surface area of 270 000 square metres and manages 75 warehouses in 23 Indian cities in 12 states: Mumbai, New Delhi, Pune, Hyderabad, Ahmedabad, Bangalore, Chennai, Nagpur, Kolkata and others. As a specialist in contract logistics, the company is ranked among the top 5 providers in the Indian market with a wide range of services: warehousing, distribution, transport management and high value-added services such as co-packing for e-commerce, the automotive sector, industry and telecommunications.

Its customer portfolio includes major Indian and international market leaders : Atlas Copco, Siemens, Cummins, Snapdeal, Honeywell, Indus Towers, Crompton Greaves, Federal Mogul, Castrol, Laboratoires de Dr Reddy, Owens Corning, among others. With several awards under its belt, Spear Logistics is recognised for providing high quality services and for creating added-value for its customers. The company’s vision is to be the most reliable and reactive logistics service provider.

There are 1,600 employees at the company. Thanks to the competency and skills of its expert teams, Spear became a key player, awarded for its operational excellence (three prizes in 2015 including the company of the year award attributed by the Indian Institute of Materials Management).

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About FM Logistics

FM Logistic is a leader of the Russian logistics market. Since 1994, the company is a recognized expert in warehousing, transportation, co-packing and customs operations. The group of companies works on the FMCG and distribution market with a wide range of products, industrial and pharmaceutical goods, perfumes and beauty products.

Moreover, FM Logistic provides complex logistics services to producers and distributors of healthcare and home care products, as well as perishable goods. As of now, FM Logistic in Russia has 8,000 employees.

As of 31 March 2015, the turnover was over 14,7 billion roubles, which is 17% more comparing to the previous year. During that period over 93 new contracts for rendering all kinds of logistics services had been signed.

The company continues to develop and negotiates with new potential partners.

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References

  • Retail:Auchan, Atac, X5, Billa, Okey, Leroy Merlin, Decathlon
  • FMCG :Mars, Mondelez, Nestlé, Unilever, Colgate-Palmolive, GSK, Henkel
  • Industry & Electronics :Bosch, Phillips, Legrand, Brother
  • Perfumes & Beauty products : L’Oréal, Shiseido, Clarins, LVMH, La Prairie
  • Health :Johnson&Johnson Medical, Medtronic

 

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