TRAXIÓN ANNOUNCES THAT IT HAS SUCCESSFULLY CLOSED THE ACQUISITION OF MEDISTIK

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Mexico City, August 24, 2022 – Grupo Traxión, S.A.B. de C.V. (“Traxión” or the “Company”) (BMV: TRAXION A), a leading transportation, mobility, and logistics company in Mexico, announces that it has obtained all regulatory approvals, and today successfully closed the acquisition process of MEDISTIK, one of the most important 4PL companies of healthcare products logistics solutions, mainly medicines and medical accessories, through an asset light approach.

The transaction price was Ps. 1,557 million in cash. For 2022, MEDITIK considers revenues for approximately Ps. 625 million pesos. Once incorporated to the TRAXIÓN platform, and with all planned synergies realized, EBITDA margin is expected to be over 35%. Particularly, the most relevant synergies and efficiencies will come from the commercial front, with immediate effects on the revenues of such division.  

With this acquisition, TRAXIÓN integrates the pharma vertical to its 4PL and last-mile logistics services, in addition to retail and e-commerce. MEDISTIK offers highly specialized services, has a sound leadership position, and more than 25 years of experience within a highly resilient sector with broad expansion opportunities.

MEDISTIK has more than 36,000 square meters (~388,000 sq. ft.) of highly specialized logistics space in 6 main warehouses (4 in the State of Mexico, 1 in Monterrey, and 1 in Guadalajara), plus 10 cross-dock facilities in key locations, employs 431 staff members, and completes more than 190,000 deliveries per year for more than 50 AAA clients, with a 99.9% efficiency.

“With MEDISTIK, TRAXIÓN already participates in the pharma vertical through an unparalleled value proposal in the industry. It is a successful and profitable company, with a solid leadership position and presents us with a unique growth opportunity within a highly specialized logistics sector. With this acquisition and the commercial efforts of TRAXION’s team, we are sure that we will be able to multiply the revenues of this division in the short term. MEDITSK is a key piece for our expansion strategy within the supply chain, with an asset light approach, with many synergies and efficiencies that will contribute to create further long-term value.” – Commented Aby Lijtszain, Founder and Executive President of TRAXIÓN.

 

Miranda Newswire – Full Press Release: Download PDF

  

Contact Details

Antonio Tejedo

Investors

ir@traxion.global

Alejandra Méndez

Media

a.mendez@traxion.global

Tel: +52 55 5046 7900

http://traxion.global

 
About the Company
TRAXIÓN is the leading transportation and logistics company in Mexico. It offers a one-stop solution through the broadest and most diverse service portfolio in the country. TRAXIÓN’s platform operates three main business segments: mobility of cargo, logistics and technology, and mobility of personnel. The Company has 9 highly recognized brands for their leadership in different sector niches. TRAXIÓN was founded in 2011 and ended the 2Q22 with an average fleet of 9,427 power units, 607,021 square meters of warehousing space, national reach, more than 1,000 clients, and over 18,120 employees. TRAXIÓN’s most important competitive advantages are having an experienced and committed management team, being the only consolidator in a highly fragmented industry, being the only institutional company in a sector dominated by family-owned companies and having a diversification premium.
Disclaimer
This document may contain forward-looking statements that involve risks and uncertainties. Words such as “estimate”, “project”, “plan”, “believe”, “expect”, “anticipate”, “seek”, and other similar expressions must be identified solely as forward-looking statements. Grupo TRAXIÓN warns readers that the statements or estimates mentioned in this document, or stated by the Grupo TRAXIÓN management team, are subject in their entirety to risks and uncertainties that are out of the Company’s control and may cause its results to differ materially from the management’s expectations. These forward-looking statements reflect the Company’s judgment as of the date of this release. Grupo TRAXIÓN reserves the right to update the information herein contained in this document or derived from it as it deems appropriate. Grupo TRAXIÓN’s past or present performance is not an indicator that guarantees its future performance.”

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