Wednesday, 3 September 2008

Tuscan Ventures acquires 40 per cent stake in Singapore firm

MUMBAI : Mumbai-based logistics company, Tuscan Ventures on Sunday said it has picked up a 40 per cent stake in Singapore-based Rasmussen & Simonsen International (RSI) for an undisclosed sum.

The investment will allow RSI to fund its global expansion plans.

This include setting up a dedicated office in India and other growing markets such as China and Middle East, Tuscan's Managing Director, Vishal Sharma said in a release here.

"The global shipping and logistics industry will need to recruit and train 500,000 professionals over the next decade. As the industry shifts its focus to technology, a well trained work force will emerge as the true competitive advantage," Sharma said.

RSI's product offerings include customized and off-the-shelf instructor-led training programs and e-learning modules developed specifically for the industry.

Tuscan Ventures has offices in Mumbai and Singapore and has 40-years of in-house experience in the global maritime and logistics sector.

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