European footprint and automotive inbound logistics capabilities expanded with deal
IRVING, Texas–(BUSINESS WIRE)–Neovia Logistics, a global supplier of logistics services, announced today the company has closed its acquisition of Temmel Logisitk Center (TLC), an Austria-based provider of automotive inbound logistics support services. The companies announced plans for the deal in a press release on December 2, 2020.
“We are excited to add TLC to our lineup of services and look forward to starting 2021 with a broader set of capabilities to serve our clients,” said Neovia CEO Pat Olney. “We see continued growth potential for our business worldwide, and this addition is an excellent fit for our strategic vision.”
TLC has facilities located in Graz, Ilz, and Lannach, accounting for more than 110,000 square meters of operational area. The company has more than 450 employees and serves operations in the region for Magna Steyr, Magna Powertrain, and other clients.
TLC was founded in 1996, focusing on sequencing and assembly services for the automotive sector. Since then the company has expanded into cross-dock operations and value-add services.
About Neovia Logistics
Neovia is a global leader in third-party logistics, operating more than 100 facilities in over 20 countries. For more than 30 years, Neovia has combined an OEM mindset with real-world innovation to partner with, and solve complex logistics challenges for, leading companies in the automotive, consumer products, industrial, and technology sectors.