M+R Logistics (India) Pvt. Ltd. and WIZ Freight join forces
WIZ Freight and M+R India, two market leaders and pioneers in the field of logistics in India, will amalgamate their activities. Radar Group, the parent company of WIZ Freight, will take over all shares of M+R Logistics (India) Pvt. Ltd.
Anlässlich des ersten Ostasien Meetings in Bangkok nach der Covid-Krise, wurde Boris Lukic ab sofort als neuer CEO der weltweiten M+R Spedag Gruppe vorgestellt.
Nach 21 Jahren in der operativen Verantwortung zieht sich der Firmenbesitzer Daniel Richner auf das Verwaltungsratspräsidium zurück und fokussiert sich in Zukunft auf strategische Themen.
“Being the seed investor behind WIZ Freight founders Ramkumar Govindarajan and Ramkumar Ramachandran, I have always believed in their vision. In the Indian economy, that is driven by digital innovation, the idea of offering logistics solutions via online platforms was bound to be a success,” says Daniel Richner, Owner of Switzerland-based M+R Spedag Group. “WIZ Freight manages the perfect combination of state-of-the-art CIT solutions with the solid know-how to move goods by connecting all stakeholders along the supply chain.”
Jayaram Radhakrishnan, the current CEO of M+R, will head the unified entity and will be supported by Sonia Balagopal as COO and Amit Nilakhe as CSO. The combined entity will look to marry the operational expertise of M+R India and the modern technology capabilities of Wiz to enhance the value proposition for existing customers.
The unified entity will then have a strength of 1000+ people and a presence in all parts of India. It will offer solutions in all modes of transport and continuously enhance the CIT products in an in-house technology development center, all head-quartered in Chennai, India.
Over the coming six months, the operational units of the two companies will be merged step by step. A change of name will be announced when the merge is operationally completed end of the first quarter of 2023.
The merger does not affect the M+R Spedag Group organization in the rest of Asia.
25. Oktober 2022