TRAXIÓN ANNOUNCES THE EXECUTION OF AN AGREEMENT TO ACQUIRE MEDISTIK

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Mexico City, March 17, 2022 – Grupo Traxión, S.A.B. de C.V. (“Traxión” or the “Company”) (BMV: TRAXION A), a leading transportation, mobility and logistics company in Mexico, announces today that it has executed an agreement to acquire MEDISTIK, one of the most important 4PL companies of healthcare products logistics solutions, through an asset light approach and within a resilient industry. MEDISTIK offers highly specialized services, has a sound leadership position, and more than 25 years of experience in the sector. The transaction is subject to regulatory approvals, which TRAXIÓN expects to obtain in the following months.

MEDISTIK has more than 36,000 square meters (~388,000 sq. ft.) of highly specialized logistics space in 6 main warehouses (4 in the State of Mexico, 1 in Monterrey, and 1 in Guadalajara), plus 10 cross-dock facilities in key locations, employs 431 staff members, and completes more than 190,000 deliveries per year for more than 50 AAA clients, with a 99.9% efficiency.

The acquisition price was Ps. 1,567 million in cash. For 2022, MEDISTIK forecasted revenues of approximately Ps. 625 million and an EBITDA margin around 35%. Furthermore, TRAXIÓN expects immediate synergies to be realized as MEDISTIK is incorporated to its platform, together with operating, commercial and financial efficiencies that will improve the transaction’s profitability. The transaction price could be subject to change at time of closing; however, such potential change is not expected to be material.

With this acquisition, TRAXIÓN integrates the pharma vertical to its 4PL and last-mile logistics services, in addition to retail and e-commerce. MEDISTIK represents an unparalleled value proposal mainly due to its client service focus, state-of-the-art infrastructure, cost optimization model, total product visibility, and comprehensive quality assurance processes.

“With the integration of MEDISTIK, TRAXIÓN enters the healthcare logistics business through a successful and profitable company, with a sound leadership position, and presents us with a unique growth opportunity within a highly specialized logistics sector. MEDISTIK complies with all our acquisition and integration criteria. It is a key piece for our expansion strategy within the supply chain, with an asset light approach, with many synergies and efficiencies that will contribute to create further long-term value.” – Commented Aby Lijtszain, Founder and Executive President of TRAXIÓN.

“In Tresalia we are very pleased with the sale of MEDISTIK to TRAXIÓN. MEDISTIK’s mission is to save and improve lives through the design, implementation and operation of supply chain management solutions that boost our clients’ performance. We truly believe that MEDISTIK, under TRAXIÓN’s leadership, will move forward with such mission, its successful path, and will continue to provide the best service and care to our clients.”Commented María Asunción Aramburuzabala, Chairwoman of Tresalia Capital.

 

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Contact Details

Antonio Tejedo

Investors

ir@traxion.global

Alejandra Méndez

Media

a.mendez@traxion.global

Tel: +52 55 5046 7900

http://traxion.global

 
About the Company
TRAXIÓN is the leading transportation and logistics company in Mexico. It offers a one-stop solution through the broadest and most diverse service portfolio in the country. TRAXION’s platform operates three main business segments: mobility of cargo, logistics and technology, and mobility of personnel. The Company has 7 highly recognized brands for their leadership in different niches of the sector. TRAXIÓN was founded in 2011 and ended 4Q21 with an average fleet of 8,992 power units, 578,360 square meters of warehousing space, national reach, more than 1,000 clients, and more than 17,400 employees. TRAXION’s most important competitive advantages are having an experienced and committed management team, being the only consolidator in a highly fragmented industry, being the only institutional company in a sector dominated by family-owned companies and having a diversification premium.
Disclaimer
This document may contain forward-looking statements that involve risks and uncertainties. Words such as “estimate”, “project”, “plan”, “believe”, “expect”, “anticipate”, “seek”, and other similar expressions must be identified solely as forward-looking statements. Grupo TRAXIÓN warns readers that the statements or estimates mentioned in this document, or stated by the Grupo TRAXIÓN management team, are subject in their entirety to risks and uncertainties that are out of the Company’s control and may cause its results to differ materially from the management’s expectations. These forward-looking statements reflect the Company’s judgment as of the date of this release. Grupo TRAXIÓN reserves the right to update the information herein contained in this document or derived from it as it deems appropriate. Grupo TRAXIÓN’s past or present performance is not an indicator that guarantees its future performance.”

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