April 1 - With the takeover of its Indian agent PL Shipping & Logistics Pvt. Ltd. in September 2010, Swiss based M+R Spedag Group created a strong position in the Indian logistics market.
The merger is now fully complete, and the new Indian subsidiary company has changed its name to M+R Logistics (India) Pvt. Ltd.
"Mergers always pose a great challenge, as they involve all stake holders. Resistance to change is a factor that must not be underestimated. As both companies have been part of each others success for the last 10 years, there was already a strong degree of identification, resulting in a smooth integration" says Daniel Richner, owner of M+R Spedag Group.
Ramkumar Ramachandran, managing director and local partner of M+R Logistics (India) Pvt. Ltd. adds: "The two companies shared the common vision that a solid transportation infrastructure and dependable logistics services are a prerequisite for growth in any emerging market. We can create added value for the benefit of our customers, and in turn become part of growth itself". This holds true for East Asia where M+R has been operating for over 25 years already, as well as for India, where the former PL Shipping & Logistics is celebrating its 10th anniversary on April 1