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FOR IMMEDIATE RELEASE:
BG Strategic Advisors Announces the
Closing of the Purchase of Trans-Link
by PWC Logistics
March 8, 2005 (CAMBRIDGE, MASSACHUSETTS) - BG
Strategic Advisors announced today that PWC Logistics,
the leading provider of comprehensive supply chain solutions
in the Middle East, has acquired the Asian-based Trans-Link
Group, a leading specialized logistics services provider.
This acquisition creates one of the world's largest
logistics services providers, giving PWC direct access
to Asia's vast markets and Trans-Link entry to the vibrant
Middle East region. BG Strategic Advisors acted as the
exclusive financial advisor to PWC Logistics in this
transaction.
"Trans-Link's management team has developed a company
culture focused on exceeding customer expectations in
a very demanding business segment," commented Tarek
Sultan, Chairman of PWC Logistics. He continued, "Their
passion for delivering excellence mirrors our customer-centric
approach. We look forward to being able to provide expanded
services in new geographies to our combined customer
base."
The combined strengths and best practices of PWC and
Trans-Link, along with the financial resources of PWC,
will bolster their growth throughout Asia and the rest
of the world. Trans-Link's customers will benefit from
PWC's strong market presence and expertise in the Middle
East while PWC's customers will have greater access
to Asia and the Pacific Rim countries as well as an
expanded range of services.
Bernard Chow, Executive Chairman of Trans-Link Group,
said, "Today's announcement is a defining moment
for all of us. This is a winning transaction which will
provide a very strategic advantage: By integrating the
skills from both sides and leveraging each other's expertise
and competitive capabilities, we will be able to provide
enhanced operational excellence and leading-edge technology
to our international and diverse customer base. I see
this strategic combination as even more significant
in light of Singapore's Senior Minister, Mr. Goh Chok
Tong's speech last August at a National Day event in
which he said, "There is one region which I want
to develop closer ties, and that is the Middle East….I
want to foster greater understanding between Asia and
the Middle East. I want to build a bridge between our
two regions…"
About Trans-Link Group
Headquartered in Singapore, the Trans-Link Group was
established in 1982 with the formation of Trans-Link
Express Pte Ltd. With sound management practices, business
prowess and a strong belief in providing customer-centric
excellence, it has today distinguished itself as a leading
world-wide logistics service provider with international
offices in Asia, South Africa and Latin America. The
Group's forte lies in specialized logistics services
in the areas of Exhibition and Event Logistics, e-Fulfillment
and Project Forwarding.
About PWC Logistics
PWC Logistics is the leading provider of end-to-end
supply chain solutions in the Middle East. Through its
network of warehouse facilities and transportation services,
PWC provides its customers with flexible supply chain
solutions tailored to meet their business needs. PWC's
strong focus on customer service has won it numerous
awards from both industry experts and customers. The
Global Institute of Logistics named PWC "Best 3PL
in the G.C.C. 2004" and the Defense Logistics Agency
(DLA) recently named PWC "New Vendor of the Year"
for 2004. PWC is a publicly traded company listed on
the Kuwait Stock Exchange (ticker symbol WARE), with
a market capitalization of approximately US$4 billion.
About BG Strategic Advisors
BG Strategic Advisors (www.bgstrategicadvisors.com)
is a leading global investment banking and strategy
consulting firm focused on the supply chain sector.
The firm specializes in providing CEOs in the transportation,
warehousing and logistics industry with the tools to
maximize value. For more information, please contact
Managing Director Benjamin Gordon at (561) 207-7600
or Ben@BGstrategicadvisors.com.
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