TVS Logistics to sell motor factor

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TVS Logistics, the parts warehousing and logistics business owned by the TVS Group of India, has agreed the sale of its Globe Transport Products.

Globe is a commercial vehicle motor factor specialising in truck parts and components and was launched in 2002 with a single branch in Oswestry. The business was purchased from its management by the Multipart Group in 2009, and has since expanded with seven branches located in Oswestry, Crick, Cardiff, Warrington, Birmingham, Sheffield and Avonmouth.

Globe is being purchased by TVS Europe’s former chief executive, Chris Gateley. Gateley led the buyout of Multipart Group, including Globe, from the Imperial Group and subsequently oversaw its acquisition by TVS in 2010. He stood down from his TVS role during 2011 and has since then been assisting the organisation with its European development plans.

The new chief executive of TVS Europe, Richard Slee said: “We are delighted to complete this sale having concluded that while we can see the potential in Globe, it is not core to our ongoing business strategy.”

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