PETALING JAYA (July 19) Savills has acquired a strategic interest in the Malaysian supply chain consulting business LCA.
The acquisition is in line with Savills plans to expand its industrial and logistics business, and to strengthen its supply chain platform by investing in key ASEAN markets with strong growth potential.
Savills regional managing director (professional services) Martin Fidden said in a press release: “With Covid-19 accelerating digitisation, e-commerce and ride hailing services across Southeast Asia, the fast-changing environment is forcing businesses to reappraise supply chains and routes-to-market. This acquisition expands the breadth and value of our consultancy services and provides early-stage access to a new set of clients that we can engage with at a level beyond pure property.”
LCA co-founder Ng Li Wah said: “Warehousing has emerged as a catalyst for Southeast Asian-based businesses to improve margins and increase market access. We’re excited to be teaming up with Savills because it means that we can now provide comprehensive expertise in seamlessly migrating our clients into sustainable facilities that protect supply chain integrity and operate at much lower cost.”
Savills CEO (Southeast Asia) Chris Marriott said: “The acquisition of a strategic interest in this premier supply chain management and logistics advisory underpins Savills commitment to a greater presence in in our Indonesian, Malaysian, Philippine, Singaporean, Thai and Vietnamese markets, and positions us well for the growing logistics sector in the region.”
This transaction will expand Savills supply chain and logistics platform; which currently provides services to landlords, occupiers and developers with over 100 dedicated experts across 60 locations in Asia Pacific.
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