11/12/2007 14h53

Tegma Logística opens the acquisition season

Gazeta Mercantil - 11/12/2007

After going public and raising R$ 600 million (US$ 339.4 million) in the stock market, Tegma Gestão Logística, with headquarters in São Bernardo do Campo, SP, has officially opened its season of acquisitions of companies that work with cargo transportation, stock management, and storage. From the amount raised, R$ 300 million (US$ 169.7 million) from the primary issuances were set aside for the purchase of companies that promote the expansion of Tegma, which is currently already ranked among the largest logistics operators of the country, with projected results between R$ 680 and R$ 720 million (US$ 384.6 and US$ 407.2 million) for 2007. The greatest business is the transportation of new cars. Tegma transports one third of the cars of produced in the country. The transportation fleet used by Tegma - most of it used for car transportation - is 2.5 thousand pieces of equipment, 90% of them belonging to third parties, the so-called "cegonheiros" (car carrier truck drivers), a category which is certainly among the strongest ones of the Brazilian truck drivers due to their frequent and increasing high added-value cargo, which allows good freights and the constant renewal of the trucks. Several sectors are covered by Tegma. Besides the transportation in the automobile chain, it also transports chemical products, orange juice, paper and cellulose, oil by-products, alcohol, and cold-stored products. For the telecommunication, pharmaceutical and electro-electronic activities it works with stocks management. "Transportation is the strongest suit and represents 80% of our results".