Toll to acquire Tianjin Anda Logistics

Toll Group has agreed to acquire 40% of Tianjin Anda Logistics, one of the largest 3PLs in China’s rapidly expanding automotive market.
 

Tianjin Anda provides finished vehicle transport, storage and processing services for leading automotive brands, and generated revenue of more than RMB 400 million last year.

According to Toll Group managing director Paul Little, the Chinese automotive market grew by 32% last year to record sales of 18.6 million vehicles, compared with 11.8 million in the US.

Toll will initially acquire 40% of the privately owned business, with the option of moving to a majority stake over the next two years and increasing that further over five years.