With effect from 2 April 2012, Multipart’s parent company has a new name: TVS Supply Chain Solutions Ltd (TVS SCS).
The new name reflects a natural progression, underlining Multipart’s acquisition by the TVS Group of India in September 2009 and paving the way for further TVS acquisitions and growth in the European logistics sector. The name change is also a reminder in a competitive marketplace of the financial strength of the business – which has a parent company with a combined turnover of $6 billion.
TVS SCS has involvement well beyond Multipart – as well as the commercial vehicle aftermarket, it is active in the defence and beverage industries as well as being a major supplier of line side production parts for clients such as Cummins and Perkins. The company also has European logistics operations in Spain and Germany as well as the UK.
"The change of name is indicative of our intention to develop our business – both by organic growth but also through acquisition", said Richard Slee, CEO of TVS Europe. "Multipart remains a strong brand in the UK CV industry and we plan to have suite of logistics businesses with at least as strong a presence in a variety of other industrial sectors".