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asmlogistics.com.sg

Founded Year

2009

Stage

Acquired | Acquired

About ASM Logistics

ASM Logistics is a non-asset-based supply chain logistic company.

ASM Logistics Headquarters Location

No.6 Changi South St 2 #07-01

486349,

Singapore

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Latest ASM Logistics News

Santova acquires Singapore-based ASM Logistics

Aug 3, 2018

Companies  / 3 August 2018, 10:30am / Roy Cokayne JOHANNESBURG - Santova, the listed integrated logistics solutions provider, has acquired Singapore-based ASM Logistics for an undisclosed amount from an independent third party and founding shareholder. The company said this strategic acquisition would further entrench Santova in Asia, expand its global presence and enable it to have better control of the supply chain. ASM Logistics was a non-asset-based supply chain logistic company, which was incorporated in Singapore in 2009 and has operational activities in Singapore, Hong Kong, Indonesia, Malaysia, Thailand and Vietnam. Santova said the strategic location of Singapore also provided it with a platform to share in the growth of South East Asia, a fast-growing economic region. It said the total maximum purchase consideration for ASM Logistics was less than 5 percent of Santova’s market capitalisation, with the purchase price settled fully in cash from its existing resources. Santova said all conditions precedent had been fulfilled and the effective date of the acquisition was yesterday. It said the acquisition was expected to have a positive impact on the group’s results but the full effects of this would only be felt in future financial periods and it would not materially affect the group’s results for its 2019 financial year. -BUSINESS REPORT

  • When was ASM Logistics founded?

    ASM Logistics was founded in 2009.

  • What is ASM Logistics's latest funding round?

    ASM Logistics's latest funding round is Acquired.

  • Who are the investors of ASM Logistics?

    Investors of ASM Logistics include Santova.

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