cotac ITS (Asia) Pte. Ltd.
We are pleased to announce that Kerry-ITS has entered into a merger agreement with the cotac Group. COTAC stands for Complete Tank Care and is a leading service provider in the tank container industry with a strong global network and own facilities in Europe, North America and China.
For the past 30 years, our corporate mission has always been to become the leading depot service provider in Asia. By joining forces with the cotac Group, we can further expand our horizons and pursue a global vision with a strong focus on Asia.
Leveraging cotac’s depot-expertise we will further strengthen our position in the Asian market. We will be able to provide you with the outstanding customer service you are used to, the latest technology available in depot related activities, larger capacities and a global network at our hands that will even better fulfil your needs.
Therefore, we are very pleased to announce that as per 9th November 2020, Kerry-ITS will be: cotac ITS (Asia) Pte. Ltd.
As with all important business decisions, we work closely together with our customers, partners and employees to make the integration process as smooth as possible. The merger will take place over the next month and you can be assured that we will continue to uphold the level of quality and service you are used to during this transition period.
In addition, we would like to inform you that Kerry-ITS Shanghai Tank Depot ceased its operations since 1st April 2020.
We would also like to take this opportunity to inform you that Mr. William Loh, will be stepping down from the daily operation and will stay on in an advisory role for the next 4 years. We are also pleased to announce that Mr. Sebastian Loh will be taking over the position as Managing Director of Cotac ITS (Asia) Pte. Ltd., supported by cotac Group’s Global Managing Director, situated in Germany.
Please allow us to express our utmost appreciation for your continuous trust and unwavering support in Kerry-ITS throughout all these long years. Your support and loyalty attributed to the well-known and high standard depots that we currently operate in Asia. You as our customer helped us building the company to what it is today.
cotac ITS will continue to strive to earn your ongoing support and we are looking forward to continue our long term business relationship with you.
>> PRESS RELEASE on cotac Group website