TM Insight, an Asia Pacific consulting company specialising in supply chain, property advisory and property management services, has acquired XAct Solutions, a supply chain and industrial property advisory firm based in Australia with a footprint across Asia.
The acquisition enhances TM Insight’s supply chain capabilities and expands its footprint across Asia, having launched into the region in July this year. It will also combine the complementary services of each business – TM Insight will have access to XAct Solutions’ strong in-house supply chain expertise and its presence in Vietnam, Thailand and Japan, while XAct Solutions will benefit from TM Insight’s strong integrated offering in supply chain, property and project management.
Together, the businesses will provide complete, end-to-end services in supply chain including strategy work, the provision of network design, transportation and distribution centre solutions, as well industrial property design, procurement, and project management.
The acquisition will see TM Insight’s team and revenue double in size, and firmly secures its position as the largest independent supply chain and property consultancy across the Asia-Pacific region.
“XAct Solutions will significantly bolster TM Insight’s supply chain capabilities by providing us with industry best practice systems to strengthen our unique integrated service offering in supply chain, property and project management,” said Travis Erridge, Chief Executive Officer of TM Insight.
At a time when supply chains are experiencing unprecedented challenges due to the impact of the current pandemic and the acceleration of e-commerce, Travis added that the acquisition will also combine the two businesses’ existing presence in Asia to rapidly scale across the region.
“Asia provides a critical link for global supply chains. By combining the complementary services of the two businesses and the local expertise of XAct Solutions, we will be able to provide customers in the region with the support they need to futureproof their supply chains. We look forward to seeing the value that our talented teams can together bring to our customers by innovating solutions that optimise operations for the long-term,” said Erridge.
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