Monday, December 04, 2006

C.H. Robinson acquires India company

C.H. Robinson Worldwide Inc. announced Friday that it has acquired Triune Freight Private Ltd. and Triune Logistics Private Limited.
Triune is a third-party logistics provider based in India. Triune has approximately 160 employees in 19 offices throughout India, and has annual gross revenues of approximately $11 million.
Triune has more than 600 customers and provides primarily air and ocean international forwarding along with customs clearance services. They also have a projects division focused on highly specialized movements and solutions. Like C.H. Robinson (Nasdaq:CHRW) , Triune is non-asset based.
Headquartered in Chennai, Triune was founded in 1999 and is privately held; terms of the acquisition were not disclosed.
03/12/06 Carissa Wyant/Minneapolis/St. Paul Business Journal/Phoenix Business Journal