Wels (AT), 2012/01/19. TGW joins forces with CSI of São Paulo, Brazil, by acquiring 50 % of the CSI shares from its founder and president Fábio Malvesi. TGW and CSI joined their forces to actively conquer the Latin American materials handling automation market, which is one of the fastest growing in the industry worldwide.
“With our involvement in Brazil we continue our successful expansion strategy and focus on a combination of local know-how by a strong team and the support of the worldwide TGW group”, explains Georg Kirchmayr, president of the TGW Logistics Group.
For more details, please take a look at the press release.