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With the Acquisition of Transmoreno, JSL Claims that the Purchase is Aligned with Its Growth, Diversification, and Consolidation Strategy in the Logistics Sector
JSL, a transportation and logistics company, will acquire Moreno Holding LTDA, which currently owns Transmoreno Transporte e Logística. The purchase price is around R$310 million, which will be fully paid in cash, with R$100 million to be paid on the closing date and the remainder in semi-annual installments, to be settled over five years.
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Transmoreno has been operating in the Brazilian market for 42 years and is headquartered in São José dos Pinhais in Curitiba. The company operates in the road transportation segment of car carrier trucks and provides automotive logistics services, according to JSL, an important position in the new vehicle transportation market.
JSL stated that the acquisition is in line with its growth, diversification, and integration strategy in the logistics area. The company’s expectation is to increase its involvement in vehicle transportation, expand its network of affiliated truck drivers, and enhance the role of its distribution network. Furthermore, the holding company foresees various advantages for competing in the market and opportunities for cross-selling services to Transmoreno’s clients.
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The acquisition will be discussed in an Extraordinary General Meeting, and Simpar, which holds 55.09% of JSL’s capital and part of the company’s control, has committed to voting in favor of the action, waiving the withdrawal right. The acquisition will also be submitted to the Administrative Council for Economic Defense (Cade) for approval.
