TRAXIÓN ANNOUNCES THE ACQUISITION OF BBA LOGISTICS

traxion

Mexico City, June 19, 2023 – 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 successfully closed the acquisition of BBA Logistics, a door-to-door and cross-border cargo brokerage company in the United States, with a 100% asset-light model, following its expansion strategy to the U.S.

 

The acquisition price was Us. 10 million in cash. 40% of the price was paid at closing, and the remainder will be paid within the following two years, subject to certain metrics and results.

 

BBA Logistics estimates that it will generate approximately Us. 22 million of revenue, with a 10% EBITDA margin in 2023. The company is totally free of debt. TRAXIÓN expects to realize commercial synergies with TRAXPORTA, its digital domestic cargo brokerage app.

 

“With this acquisition, TRAXIÓN moves forward with its expansion plans into the United States, particularly in domestic and cross-border cargo services, following its inorganic growth path through asset-light companies within its logistics and technology division. With the integration of BBA Logistics, TRAXIÓN strengthens its strategic position to continue to capitalize opportunities brought by the Nearshoring phenomenon.” – commented Aby Lijtszain, executive president and founder of TRAXIÓN.

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Miranda Newswire – Full Press Release: Download PDF

 

Contacts:

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 10 highly recognized brands for their leadership in different sector niches. TRAXIÓN was founded in 2011 and ended the 1Q23 with an average fleet of 9,974 power units, 748,636 square meters of warehousing space, national reach, more than 1,000 clients, and over 20,000 employees. TRAXIÓN’s most important competitive advantages are the use of top, state-of-the art technologies, together with 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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