MELBOURNE, Australia, Sept. 15, 2020 /PRNewswire/ -- TM Insight, backed by private-equity firm Next Capital, has acquired XAct Solutions, a privately held Australian consultancy in supply chain and industrial property that advises leading organisations on their supply chain transformations. Joining forces will significantly enhance the combined group's supply chain capabilities in the market and expansion in Asia.
"Since our inception, TM Insight has grown to become an innovative force in the supply chain and property industry. The acquisition of XAct Solutions marks our next era of expansion, bringing together the expertise and know-how of two leading businesses for the benefit of our customers.
"XAct Solutions will increase TM Insight's geographic reach and significantly bolster our supply chain capabilities by providing us with industry best practice systems to strengthen our unique integrated service offering in supply chain, property and project management.
At a time where supply chains have never been more challenged with global restrictions and the acceleration in ecommerce, we are bringing together the top talent in the sector. This will provide our customers the support they need to futureproof their business and optimise their operations for the long-term," says Travis Erridge, Chief Executive Officer of TM Insight.
Founded in 2005, XAct Solutions has a presence across Sydney, Melbourne, Singapore, Ho Chi Minh City, Hanoi and Tokyo with a team of over 50 specialists who have designed and delivered supply chain transformations across the Asia-Pacific region.
XAct Solutions were the first consultancy in the Asia-Pacific region to design, procure and implement supply chain solutions in a way that ensures that the operational needs of our clients drive the right property outcomes. XAct Solutions Principals and Owners Geoff Thomas, Peter Ramsay and Byron Patching are excited to be joining forces with TM Insight to provide an increased range of services to customers and be ideally placed to help organisations across the Asia-Pacific region transform their supply chain networks.
Earlier this year, TM Insight brought on Next Capital as joint shareholders to the help the business scale-up.
"Next Capital are delighted to support bringing together the region's preeminent firms in supply chain, logistics and related property consulting services. Our business model looks to support high quality teams with real competitive advantage, and we see those attributes in these organisations individually and even more powerfully as an integrated group. We look forward to working with all involved to deliver excellent solutions for our customers," says John White, Next Capital Founding Partner.
The acquisition has been completed, with the teams at TM Insight and XAct Solutions to run in parallel initially, then integrating into a combined entity. The terms of the transaction are not disclosed.
TM Insight is one of Asia-Pacific's leading property and supply chain specialists. TM Insight provides integrated consultancy services in supply chain optimisation, property advisory and project management. Its services include supply chain network review and design, property procurement and project management.
TM Insight's team is comprised of industry-leading talent from various sectors including; e-commerce, FMCG, retail, 3PL, manufacturing, construction and property.
TM Insight is an internationally respected consultancy with offices in Melbourne, Sydney, Brisbane and Singapore.
XAct Solutions was founded in 2005, and today deploys a team of professionals across six locations in Sydney, Melbourne, Singapore, Ho Chi Minh City, Hanoi and Tokyo.
XAct are leading industry practitioners in industrial property, logistics and project management and are dedicated to driving transformational change for clients throughout the Asia Pacific Region, based on extensive operational experience and genuine expertise in managing change.