Mumbai,Pro Logistics India, a Western Arya Group company, has entered into a joint venture with 2.7 billion Germany Head Quartered logistics giant, Rhenus (part of the 7.1 billion conglomerate Rethmann AG & Co.). Rhenus AG & Co. KG signed an agreement with the Pro-Log Group to acquire shareholding in the group. The Joint Venture Company will be called Rhenus ProLog Logistics Limited (RPLL).

With this, Pro Log, a reckoning force in logistics in Asian markets is poised to enhance presence across Europe as well. This joint venture will enable Rhenus to strengthen its presence in Asia to a significant degree and will also help develop the market in this region for the Rhenus brand.

Pro-Logs mission has been to provide the highest quality level of services, cost efficiency and productivity to customers and global partners, while maintaining and building long lasting relationships. By taking a holding in the Pro-Log Group, the regional turnover for Rhenus will rise by approx. US $ 50 million and this sum will be generated by almost 600 employees at 19 business locations. Following this acquisition, Rhenus will have its own offices for business operations at 32 locations in Asia.

Uwe Oemmelen, a member of the Rhenus Board, said, In the past we did not have our own independent services in the air, ocean and distribution divisions in south and south-east Asia. Through the Pro-Log Group we will also obtain expertise in the third-party logistics field in Asia. As a result, we will be able to offer our customers more comprehensive services in South and South East Asia. Rhenus will fully take over the Pro-Log business locations in China and Hong Kong, and will have a much stronger Rhenus Logistics Asia-Pacific Ltd as a result.

Vivek Arya, Managing Director, Pro Logistics (I) Ltd, said, Our aim is to be a leading competitive logistics company; setting the industry standards for service, efficiency, and, productivity. With this joint venture, we are able to expand our presence in European sub-continent and we will be able to achieve the goals set out through our commitment and compliance of our Quality Management Systems.

The Pro-Log Group primarily operates in south and south-east Asia and has its own offices in Singapore, the Philippines, Malaysia, Thailand and India. The company has been a partner for Rhenus Freight Logistics, particularly in the air and ocean divisions, in the past. Pro-Log has been handling significant transportation volumes between Europe and south/south-east Asia for some years. Pro-Log provides services in the fields of Innovative Logistics; Freight delivery; customs brokerage; cargo insurance; third party logistics; Industrial Project Management; Government contracts; and Warehousing / Distribution.

The Rhenus Group is one of Europes leading logistics services providers with an annual turnover amounting to EUR 2.7 billion. Rhenus employs 16,300 people at more than 290 business locations worldwide. The Rhenus business areas - Contract Logistics, Freight Logistics, Port Logistics and Public Transport - manage complex supply chains and provide a wealth of innovative value-added services.