Background on Traxión and Solistica
Traxión, a prominent player in Mexico’s transportation, mobility, and logistics industry, has finalized the acquisition of Solistica, a subsidiary of Fomento Económico Mexicano (FEMSA), specializing in logistics services. The deal is valued at 4,040 million pesos and aims to bolster Traxión’s position in the third-party logistics (3PL) market, particularly in Mexico’s northern region.
Divestiture of Solistica’s Operations in Brazil and Colombia
As part of the acquisition, Traxión sold Solistica’s operations in Brazil and Colombia to a consortium led by GEF Capital, a global private equity firm, and Vinci Compass, one of Latin America’s leading investment firms. The divestiture fetched 2,390 million pesos, making Traxión’s net investment in Solistica’s Mexican operations 1,650 million pesos.
Financial Projections and Strategic Importance
Traxión anticipates that the Mexican operations will generate approximately 8,000 million pesos in revenue by 2025 and achieve an EBITDA margin between 4.0% and 5.0%. Aby Lijtszain, Traxión’s CEO and co-founder, emphasized the significance of this acquisition for the Mexican 3PL industry, stating that it complements Traxión’s service offerings and infrastructure, opening new opportunities for expansion.
Solistica’s Assets and Market Presence
Solistica boasts 19 facilities in Mexico, totaling over 380,000 square meters of 3PL warehouse space across eight economically dynamic states, including the Mexico City metropolitan area, Jalisco, and Nuevo León. These strategic locations will enable Traxión to enhance its service offerings and infrastructure, ultimately benefiting clients in the logistics sector.
Impact on Traxión’s Business Model
This acquisition will significantly transform Traxión’s logistics and technology segment, aligning with its strategy to expand its asset-light business requiring lower capital investment levels. The company will focus on providing third-party logistics (3PL) services and freight brokerage, utilizing external infrastructure and transportation instead of owning assets.
Brokerage of Cargo and Traxporta Platform
The brokerage of cargo, which accounted for nearly 70% of Solistica’s revenue in 2024, will complement Traxión’s Traxporta platform, launched in 2021. Consolidated estimates project Solistica’s revenue to reach approximately 14,000 million pesos for Traxión in 2025 across Mexico, Brazil, and Colombia.
Current Operations and FEMSA’s Announcement
Currently, Traxión manages over 950,000 square meters of warehouse space across more than 100 facilities and handles over 500,000 freight trips annually in its three operational markets. FEMSA announced the sale of Solistica, including transportation management in Mexico and contract logistics in Mexico, Brazil, and Colombia. The transaction excludes Solistica’s consolidated freight (LTL) business in Brazil.
Key Questions and Answers
- What is the main reason for Traxión’s acquisition of Solistica? This acquisition strengthens Traxión’s position in Mexico’s third-party logistics (3PL) market, particularly in the northern region.
- What operations did Traxión sell alongside Solistica? Traxión divested Solistica’s operations in Brazil and Colombia to a consortium led by GEF Capital and Vinci Compass.
- What financial projections does Traxión have for the acquired operations? Traxión expects the Mexican operations to generate approximately 8,000 million pesos in revenue by 2025 with an EBITDA margin between 4.0% and 5.0%.
- How will this acquisition impact Traxión’s business model? The deal will transform Traxión’s logistics and technology segment, focusing on asset-light 3PL services and freight brokerage using external infrastructure.
- What is the significance of Solistica’s brokerage of cargo for Traxión? The brokerage of cargo, which accounted for nearly 70% of Solistica’s revenue in 2024, will complement Traxión’s Traxporta platform.
