TVS Logistics acquires U.S. company MESCO - Madurai reaches out to Michigan - isn't it cool?

The Madurai-based TVS Logistics Services has acquired U.S.-based Manufacturers Equipment and Supply Company (Mesco) to consolidate its holdings in TVS America, a top company official said Tuesday.

"We have acquired the $30 million revenue MESCO based in Michigan and 51 percent stakes of Global Rush, U.S. in TVS America at an outlay of around 50 crore. We have formed a holding company in the U.S. - TVS Logistics America - to house our investments in the U.S.," Managing Director R. Dinesh told reporters.

TVS spots Madurai in the world map very easily!! Great job sir!
This is however a late news (Jan 2011), but I want to bring to the audience anyway!!