Wallenius Wilhelmsen secures 99.five % ownership of Syngin Technologies
Wallenius Wilhelmsen completes buy of 29.five % in Syngin Technologies from Haute Tour Holdings, LLC, providing it a 99.five % interest and handle of Syngin Technologies.- a different step towards becoming the major provide chain and mobility orchestrator
14 April 2023
As component of continuous efforts to develop its digital provide chain options, Wallenius Wilhelmsen has acquired the extra shares of Syngin Technologies successful 31 March. “The buy of these outstanding shares of Syngin delivers an chance to add a vital piece to our digital provide chain options supplying, bringing immediate marketplace credibility to automotive fleet management and mobility solutions inside the group,” says Mike Hynekamp, chief operating officer logistics.
Immediately after an initial 70 % investment in Syngin Technologies in 2018, Wallenius Wilhelmsen has been operating with Syngin to broaden the scope of complete lifecycle logistics solutions to assistance automotive clients. Syngin’s operations will now be a component of Wallenius Wilhelmsen’s new digital provide chain solutions unit.
“The buy of these outstanding shares of Syngin delivers an chance to add a vital piece to our digital provide chain options supplying, bringing immediate marketplace credibility to automotive fleet management and mobility solutions inside the group,” says Mike Hynekamp, chief operating officer logistics.
Wallenius Wilhelmsen and its clients can now take benefit of Syngin’s confirmed technologies platform and committed concierge group to offer a dependable and price-successful final-mile transportation option that is goal-constructed to handle car moves for fleet managers and car remarketers.
Hynekamp also envisions the technologies getting utilised beyond fleet management clients, like OEMS and other elements of Wallenius Wilhelmsen’s small business. “We now can develop the Syngin marketplace beyond fleet vehicles and into new cars at scale and expand our solutions globally,” he says.
Right now, the Syngin platform connects a network of far more than two,000 owner-operation truck carriers across the US with fleet managers and car remarketers hunting for transportation solutions. The digital platform was revamped earlier this year to boost the user expertise, simplify workflows, and streamline method integrations by way of API’s. The SynginGO app has also been created to assistance carriers to make final-mile operations far more effective.
“We are proud to be in a position to present a digitally enabled inland transportation service, coupled with an seasoned management and concierge group. These investments lay the foundation for us to attain our objective to make Wallenius Wilhelmsen the major provide chain and mobility orchestrator,” says Hynekamp.