Yusen Logistics acquires Taiwanese logistics company Uryi LS

June 07, 2018: In
order to strengthen its presence in the automobile aftermarket, Yusen Logistics
(Taiwan) has acquired Taiwanese logistics major Uryi Logistics Solutions (Uryi
LS).

In Taiwan, sales of new cars is steady against the backdrop
of increased demand for new car purchases due to the reduction and exemption of
commodity tax for cars that began in 2016. Among these, imported vehicles
continued to increase by more than 10 percent and accounted for about 40
percent of total sales of new vehicles. Hence, aftermarket demand is expected
to increase due to increased sales of imported cars.

Headquartered in Taoyuan, Taipei City, Uyri LS handles automobile
aftermarket service parts. They have approximately 18,500 m2 warehouse for auto
aftermarket service parts operation in their headquarters area and provide
custom-made services tailored to the needs of their customers, mainly European
and American automobile company and auto parts manufacturers by using their
proprietary WMS to manage in-warehouse operations such as the storage and
storage of a wide range of aftermarket service parts to be provided to sales
companies and repair companies in Taiwan.

“In northern Taiwan, we have approximately 54,000 m2
warehouse in five locations. We operate wide range of businesses that combine
ocean and air freight forwarding with contract logistics. And we participate in
the handling of electronic products as well as automobile components, and in
e-Commerce logistics for retail industry such as cosmetics. Uyri LS's business
with European and US auto manufacturers' customers will greatly expand our
business,” stated Yusen Logistics in a press release.

The acquisition will enable Uyri LS to provide its customers
with a variety of services, including ocean and air freight forwarding,
domestic shipping, and customs clearance, which we excel in, to provide
one-stop services and solutions that will help customers improve their business
efficiencies.

“We will also be able
to provide a variety of contract logistics services for Uyri LS 's specialty
automobile after service parts to our customers,” adds Yusen Logistics.

“In February last
year, we acquired Transfreight Automobile Logistics Europe, in the UK
headquarters based in Europe and its subsidiaries with a headquarters in
France, Transfreight Automobile Logistics Europe SAS, and we are strengthening
automobile logistics globally,’ informs Yusen Logistics through a statement.