TVS Asianics’s acquisition of Pan Asia Logistics


McDermott Will & Emery has advised Singapore-based TVS-Asianics Supply Chain Solutions Pte. Ltd. (“TVS Asianics”) on the acquisition of all shares in Pan Asia Logistics Singapore Pte. Ltd. and its subsidiaries (“PAL Group”) – including the German subsidiary Pan Asia Logistics Deutschland GmbH (“PAL Germany”) – from Pan Asia Logistics Holding Singapore Pte. Ltd.

Headquartered in Singapore, TVS Asianics is one of the largest Asia-based integrated logistics companies. A global supply chain solutions provider, the firm manages an integrated supply chain network of commercial centres across Asia with links to Europe and the Americas.

Through this acquisition, TVS Asianics has incorporated Pan Asia Logistics’ freight forwarding and contract logistics services, gaining immediate access to six new markets including Germany. With this expansion, TVS Asianics has expanded its global agency network and has grown to 40 locations in 14 countries across Asia, Oceania and Europe

PAL Germany provides global transportation and logistics solutions specializing in freight forwarding and warehousing, trade and consulting services. Logistics services comprise airfreight, ocean freight, contract logistics, project logistics (heavy lift industry) and automotive logistics. The company specialises in logistics between Germany and Asia. PAL Germany offers innovative, sustainable and simplified logistics solutions for the Europe-Asia trade-lane.

Pan Asia Logistics Group’s other operating companies – Pan Asia Logistics Investments (PALI) and Panalogs Projects – are not part of the acquisition and will continue to be independently managed by Christian Bischoff and Susan Tan.

The McDermott Will & Emery team was led by Norman Wasse (picture), corporate counsel based in Frankfurt, alongside partners Dr. Michael Cziesla, Dr. Wolfgang von Frentz, Dr. Christian Masch, Volker Teigelkötter, Daniel von Brevern and Dr. Alexa Ningelgen.

TVS Asianics was advised in this transaction by Shook Lin & Bok LLP Singapore with a team led by partner Michelle Phang, Deloitte & Touche Financial Advisory Services with a team led by Jack Tey, Executive Director of M&A Transaction Services and LanciaConsult with a team led by Jeffrey Cronkshaw, Group Managing Director.

DBS Bank identified and connected the parties, assisting them in completing the transaction.

Involved fees earner: Michelle Phang – Shook Lin & Bok LLP; Norman Wasse – McDermott Will & Emery; Michael Cziesla – McDermott Will & Emery; Christian Masch – McDermott Will & Emery; Alexa Ningelgen – McDermott Will & Emery; Volker Teigelkötter – McDermott Will & Emery; Daniel von Brevern – McDermott Will & Emery; Wolfgang Freiherr Raitz von Frentz – McDermott Will & Emery;

Law Firms: Shook Lin & Bok LLP; McDermott Will & Emery;

Clients: TVS-Asianics Supply Chain Solutions Pte. Ltd.;