BrazilTM Insight bolsters Asian footprint with XAct Solutions acquisition
XAct Solutions – a supply chain consultancy with pan-Asian operations – has been acquired by Australian supply chain, property and project management consultancy TM Insight, as part of the latter’s bid to bolster its footprint across Asia.
XAct Solutions specialises in supply chain and industrial property consulting, with services spanning strategy, network design, inventory optimisation, project management and a number of others. The firm was founded in 2005, and today deploys a team of more than 50 professionals across six locations in Sydney, Melbourne, Singapore, Ho Chi Minh City, Hanoi and Tokyo.
By acquiring XAct Solutions, TM Insight – which already had a presence across Sydney, Melbourne and Singapore – adds a set of new offices on the ground in Ho Chi Minh City, Hanoi and Tokyo. The acquisition doubles TM Insight’s headcount, with the combined strength of the team now adding up to well over 100 specialists.
The merged team also boasts a glittering clientele that features the likes of Coca-Cola Amatil, Asahi, Woolworth, Coles, Kmart and Bunnings, among several others. Each of these has benefited from significant supply chain transformations, and CEO at TM Insight Travis Erridge indicated that there’s a lot more to come.
“XAct Solutions will increase TM Insight’s geographic reach and significantly bolster our supply chain capabilities by providing us with industry best practice systems to strengthen our unique integrated service offering in supply chain, property and project management,” he said.
Erridge also acknowledged the circumstances in the global market at present, and how there is more need than ever for supply chain transformation. For TM Insight, this translates into strong demand for its service offerings.
“At a time where supply chains have never been more challenged with global restrictions and the acceleration in ecommerce, we are bringing together the top talent in the sector. This will provide our customers the support they need to futureproof their business and optimise their operations for the long-term,” added Erridge.
Asia is touted to be the centre for much of the anticipated global supply chain restructuring, as businesses look for a low-cost, low-risk alternative to China. Other markets such as Vietnam, Thailand and India are all in consideration to fill the gap, and TM Insight will be well positioned to facilitate this ambition.
Plans for expansion have been underway since the start of this year at TM Insight, when the firm brought Next Capital on board as a joint shareholder – an arrangement that has helped fund the acquisition of XAct solutions. Erridge stated that the acquisition marks TN Insight’s “next era of expansion.”
According to a statement, the teams at TM Insight and XAct solutions will continue working in parallel for now, managing their individual markets and client rosters. An integration of operations is planned for some time in the near future.
