Metro Supply Chain Group, a Canadian owned, 3PL solutions provider in North America, has completed the acquisition of Europe-based automotive and industrial services emergency logistics specialist Evolution Time Critical.
"The deal provides Metro with an opportunity to increase its automotive industry presence and, by utilising Evolution Time Critical's renowned work within a globalised automotive supply chain, to further develop its footprint beyond North America," the buyer said in a statement.
"The acquisition of Evolution Time Critical is a crucial development ," said Chiko Nanji, Metro's CEO. "It clearly signals our intention to accelerate the provision of increasingly comprehensive supply chain solutions for our customers and also supports our strategy for long-term business growth."
Evolution will remain based in the UK with the existing management team and specialists providing the same logistics solutions. Seamless operation will also continue at the company's German service hub in Dusseldorf. Backing and extensive infrastructure provided by Metro will enable enhanced ability to provide customised solutions for time critical and emergency response solutions without compromising personal support or attention to detail.
Evolution Time Critical traditionally provides a safety net for the automotive and industrial services industries by offering time sensitive solutions that counter threats to supply chain integrity, but the way its services are utilised by vehicle manufacturers and suppliers is adapting: originally a just-in-time failsafe, emergency logistics expertise is being viewed as an enabler for the higher risk strategies – such as lean supply, reduced buffer stocks and contracting lead times – that are required to satisfy intensifying production schedules. It is also becoming increasingly common for premium freight to be used strategically as a primary logistics route for high unit cost components.
Managing director Brad Brennan said:" We are proud of our proven track record for crisis aversion and supply chain safeguarding, and now have the platform from which to expand our capabilities to fulfil long-term ambitions. Increasing our North American presence will benefit our customers and help to achieve sustained business growth and a globalised footprint for Metro."
The Canadian company has been established for over 40 years, and its existing European resources will help broaden Evolution's capability: provision of enhanced warehousing and stock control systems.
Brennan said Metro operates over 12m sq ft of warehousing that that Evolution can now use and it would also be able to further develop support infrastructure at the UK headquarters – including IT and transport management systems – to provide a full multimodal service to customers.
"We can also commit to providing a greater number of large-scale solutions, such as the movement of vehicle tooling or live production."