FEATURED /// Nov 03, 2015
ADS COMPLETES ACQUISITION OF THEODOR WILLE INTERTRADE
VIRGINIA BEACH DEFENSE COMPANY COMPLETES ACQUISITION OF THEODOR WILLE INTERTRADE
VIRGINIA BEACH, Va. (November 3, 2015) – ADS, Inc., a leading provider of value-added logistics and supply chain solutions, announced today that it has closed the acquisition of Theodor Wille Intertrade (TWI). In September 2015, ADS entered into a definitive agreement with TWI shareholders to acquire all of TWI’s outstanding shares. Headquartered in Zug, Switzerland with operations in Germany and the United Arab Emirates, TWI will operate as a wholly-owned subsidiary of ADS, Inc.
TWI is a global provider of integrated supply chain solutions to customers primarily operating in the United States European Command (EUCOM) and the United States Central Command (CENTCOM) regions. As an ADS subsidiary, TWI will continue to operate its business as a division of ADS.
TWI delivers construction materials, equipment, hardware, food and food services, as well as providing logistics and transportation management services to the U.S. military and other large government contractors operating in the U.S. European Command (EUCOM) and the U.S. Central Command (CENTCOM) regions. TWI’s existing business and pipeline will complement ADS’ current portfolio of contract vehicles and provide both companies with exciting new business development opportunities.
Headquartered in Virginia Beach, Va., ADS provides equipment, procurement and support solutions to Department of Defense (DOD), other U.S. Government agencies, defense contractors and foreign governments. The company ensures mission success, operational efficiency and cost savings for its customers. The ADS team is comprised of dedicated professionals, veterans and retired government personnel with unmatched knowledge of suppliers, products, procurement, budget processes, supply chain management and logistics.
Joining forces with TWI allows ADS to immediately diversify its business into the food and subsistence market. The ability for ADS to combine its global capabilities with TWI’s existing logistics, transportation and supply chain management services expertise in local markets throughout Europe, the Middle East and Central and Southwest Asia will bring tremendous benefits to its customers and partners.
“Now that the acquisition is officially finalized, the entire team is eager to commence with plans to integrate these two highly complementary businesses,” said Karan Rai, ADS President and CFO. “While our focus will be on successful integration execution in the short term, I am genuinely excited about the long-term growth opportunities for this combined ADS and TWI platform.”
ADS and TWI have a long history of building customer loyalty; both are two of only 15 companies recognized as a Gold-Tier supplier for the Defense Logistics Agency (DLA) as part of the Department of Defense’s Superior Supplier Incentive Program. The Gold-Tier distinction is the highest honor awarded to a supplier by DLA. The Gold-Tier program is designed to identify the highest performing suppliers measured in areas such as cost, schedule, performance, quality and business relations. To be eligible, companies must have significant DLA contracts, a proven track record of performance and an established rating with the federal Contractor Performance Assessment Reporting System (CPARS). More than 150 suppliers were considered for these awards, with only the top 40 selected as DLA’s Gold-Tier suppliers. The Gold-Tier distinction is the highest honor awarded to a supplier by DLA.
“We’re excited to welcome TWI to the ADS family,” said Damian del Toro, ADS Vice President. “TWI is an amazing company with fantastic people. When combined with the industry-leading team at ADS, we have a unique opportunity to further enhance our global services to solve our customers’ challenges while achieving our strategic growth plans.” Mr. del Toro will be spearheading the ADS-TWI integration and will serve as the TWI Division General Manager.
About TWI TWI provides innovative, integrated and trusted solutions that make challenging global supply chains work. The company leverages the latest technology and methodologies to develop smarter, more efficient and transparent international supply chain management, supply chain analytics and procurement outsourcing solutions. Putting their corporate and individual experience along with their unparalleled knowledge base to work for clients in a wide range of challenging markets is at the core of their business. TWI is a wholly owned subsidiary of ADS, Inc. To learn more, please visit the TWI website at www.twipv.com.
About ADS, Inc. ADS Inc. is a leading value-added logistics and supply chain solutions provider that proudly serves all branches of the U.S. Military, federal, state and local government organizations, law enforcement agencies, first responders, partner nations and the defense industry. The company is focused on solving customers’ challenges by providing the best product and service offerings, the broadest array of procurement and contract options, world-class support and legendary customer service. To learn more, please visit the ADS website at www.adsinc.com.
Ellen Bock PR & Corporate Communication ADS, Inc.