In a noteworthy development towards sustainability and strategic growth, a Singaporean logistics company, a subsidiary of a local business group, has successfully acquired the operations of another logistics entity. This acquisition, effective from December 29, 2023, reflects the company’s commitment to fostering a greener future and diversifying its business portfolio in alignment with its growth strategy.
The acquired logistics firm, renowned for its expertise in cold chain solutions, strengthens the acquiring company’s position in the logistics sector, particularly in the crucial area of cold chain services. This addition includes significant cold storage capacity, a vital component for the safe transportation and storage of temperature-sensitive goods.
The global reputation of the acquired company, combined with the acquiring company’s expanded capabilities, sets the stage for increased efficiency and innovation in logistics solutions. This acquisition underscores the acquiring company’s dedication to providing cutting-edge services and its aspirations to become a comprehensive player in the logistics industry.
Simultaneously, the acquiring company has signed a significant Power Purchase Agreement (PPA) contract with a government agency. This contract secures a payment stream for a project aimed at powering the agency’s headquarters with a Rooftop Solar Photovoltaic (PV) System. This initiative aligns with environmental sustainability goals and ensures long-term energy efficiency for the agency’s premises.
The Rooftop Solar Photovoltaic System harnesses solar power, offering a clean, sustainable, and cost-effective energy source. Such solar PV systems not only contribute to reduced electricity expenses but also offer a promising return on investment (ROI) from solar energy.
This diversification and commitment to sustainability showcase the acquiring company’s versatility and dynamism in various industries. They have also made pioneering strides in environmental responsibility, including the adoption of an Electric Vehicle (EV) fleet.
In line with their growth strategy, the company actively seeks financial support to fuel its expansion plans, inviting potential investors who share their vision for a sustainable future and wish to contribute to the green revolution in Singapore’s logistics and supply chain sector.