Yusen Logistics (Taiwan) Ltd. completed the acquisition procedure for Uryi Logistics Solutions Co. Ltd. (Uryi LS), major Taiwanese logistics company in the automobile aftermarket.
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% and accounted for about 40% of total sales of new vehicles. Aftermarket demand is expected to increase due to increased sales of imported cars, Yusen Logistics will pursue further expansion of automobile logistics by acquiring Uyri LS.
Uyri LS is a major logistics company with a headquarters in Taoyuan, Taipei City that 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, Yusen Logistics has approximately 54,000 m2 warehouse in five locations. They operate wide range of businesses that combine ocean and air freight forwarding with contract logistics. and also 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 U.S. auto manufacturers’ customers will greatly expand Yusen’s business.
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 and to provide one-stop services and solutions that will help customers improve their business efficiencies.