Neovia acquisition in Austria
The US company Neovia Logistics, a Caterpillar affiliate for logistics services, is planning to acquire Temmel Logistik Center (TLC), an Austrian provider of automotive manufacturing inbound logistics services. The transaction is expected to be closed early in 2021, once the authorities concerned give the green light. CEO Pat Olney pointed out that “the incorporation of TLC’s inbound logistics capabilities will fit our strategic plans well.”
TLC has three facilities in Graz, Ilz and Lannach, covering more than 110,000 sqm of operational areas, and has more than 450 employees on its books. It operates regionally for Magna Steyr, Magna Powertrain and other clients. TLC was founded in 1996 as a service provider for the automotive sector. (cd)
www.neovialogistics.com
www.tlc.co.at