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Logistics - Mergers & Acquisitions
US co acquires certain assets of Triune Freight

Our Bureau

Chennai , Dec. 3

C.H. Robinson Worldwide Inc, a $5.7 billion US-based logistics company, has acquired certain assets of Triune Freight Private Ltd, Chennai, according to a press release.

Company officials declined to give financial transaction of the deal. Triune has various licences to do freight forwarding and once they are transferred to C.H. Robinson, Triune would seize to exist, a company official said.

With revenue of Rs 55 crore, 160 employees and 600 customers, Triune provides air and ocean international forwarding along with customs clearance services, the release says.

More Stories on : Mergers & Acquisitions | Supply Chain Management

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