TM Insight has acquired XAct Solutions, a privately held Australian consultancy in supply chain and industrial property, in a move that will see the two firms join forces to enhance supply chain capabilities in the Asia Pacific region.
Together, TM Insight and XAct Solutions have designed and delivered major supply chain transformations and automated warehouses for Coca-Cola Amatil, Asahi, Woolworth, Coles, Kmart, Bunnings and many more.
With this acquisition, TM Insight will double their team of specialists to 110, this will also immediately increase TM Insight’s presence across Australia and Southeast Asia (including Singapore, Vietnam and Japan).
“Since our inception, TM Insight has grown to become an innovative force in the supply chain and property industry. The acquisition of XAct Solutions marks our next era of expansion, bringing together the expertise and know-how of two leading businesses for the benefit of our customers.
“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.
“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,” Travis Erridge, Chief Executive Officer of TM Insight said.
Founded in 2005, XAct Solutions has a presence across Sydney, Melbourne, Singapore, Ho Chi Minh City, Hanoi and Tokyo with a team of over 50 specialists who have designed and delivered supply chain transformations across the Asia-Pacific region.
XAct Solutions was the first consultancy in the Asia-Pacific region to design, procure and implement supply chain solutions in a way that ensures that the operational needs of its clients drive the right property outcomes.
XAct Solutions Principals and Owners Geoff Thomas, Peter Ramsay and Byron Patching are excited to be joining forces with TM Insight to provide an increased range of services to customers and be ideally placed to help organisations across the Asia-Pacific region transform their supply chain networks.
The two businesses will provide complete, end-to-end services in supply chain including strategy work, the provision of network design, transportation and distribution centre solutions, as well industrial property design, procurement, and project management.
Earlier this year, TM Insight brought on Next Capital as joint shareholders to the help the business scale-up.
“Next Capital is delighted to support bringing together the region’s preeminent firms in supply chain, logistics and related property consulting services. Our business model looks to support high quality teams with real competitive advantage, and we see those attributes in these organisations individually and even more powerfully as an integrated group. We look forward to working with all involved to deliver excellent solutions for our customers,” John White, Next Capital Founding Partner said.
The acquisition has been completed, with the teams at TM Insight and XAct Solutions to run in parallel initially, then integrating into a combined entity. The terms of the transaction are not disclosed.