ModusLink establishes operations in India to meet client needs in high-growth emerging market
AMSTERDAM & WALTHAM, Mass.--(BUSINESS WIRE)--Mar. 13, 2012-- ModusLink Global Solutions™, Inc. (NASDAQ: MLNK) is enabling TomTom® (AEX:TOM2) to expand into India with the launch of its newest Solution Center in Hyderabad, India. In this location, ModusLink executes value-added warehousing and distribution services, including packaging, assembly and content load for TomTom GPS devices and accessories in the country, managing fulfillment to distribution and retail channels in the local India market.
"As the world's leading provider of navigation and digital mapping, we are focused on our end-to-end consumer experience and investing locally in India is integral for managing business critical time to market," said Jocelyn Vigreux, general manager and senior vice-president for TomTom. "India is an important growth market for us and our supply chain must enable that growth by meeting both market and customer expectations while ensuring compliance with regulatory and customs requirements. As an important partner with TomTom in Europe for many years, ModusLink understands our supply chain needs and can successfully support our growth in this region."
Out of its Hyderabad, India Solution Center, ModusLink performs content loading of localized map software, kitting, assembly and fulfillment of TomTom GPS device product lines throughout the country. TomTom also relies on ModusLink to package and handle the transportation management for GPS accessories such as cases, covers, device mounts and chargers in the same region. All devices and accessories that are distributed out of this location are produced for local India markets.
"India is a large and strategic growth market for many of our clients," said Tom Nightingale, president, sales and marketing for ModusLink. "Successful market penetration requires a supply chain that can meet local needs. Our new Hyderabad Solution Center opens up growth prospects for both our clients and for ModusLink as we help global supply chains to meet the local needs of one of the world's fastest growing economies. TomTom has been a valued client for nine years and we look forward to expanding that relationship in this important geography."
The new Solution Center in Hyderabad marks ModusLink's 13th location in Asia. ModusLink supports the supply chains of the world's leading companies at 31 Solution Centers in 15 countries worldwide.
TomTom is a global supplier of location and navigation products and services. We provide consumers and enterprise, government and automotive industry customers with digital maps, traffic intelligence, navigation software, PNDs, automotive systems, fleet management services, smartphone apps, fitness devices, POIs and speedcam intelligence.
Headquartered in Amsterdam, TomTom has over 3,500 employees and operates from 50 locations in 35 countries.
TomTom (AEX:TOM2) is listed on NYSE Euronext. More information can be found at http://www.tomtom.com.
About ModusLink Global Solutions
ModusLink Global Solutions, Inc. designs and executes global supply chain strategies to solve clients' cost, time-to-market, customer satisfaction and revenue objectives. Our supply chain, aftermarket, e-Business and entitlement management solutions support the end-to-end product lifecycles of the world's leading companies. ModusLink has more than 25 years of experience executing complex supply chain processes such as sourcing, configuration and fulfillment. We can manage these critical functions seamlessly with a client's global e-Business initiative or an integrated aftermarket program, including alternative channel recovery for at-risk inventory. Backed by a footprint of more than 25 Solution Centers in 15 countries, ModusLink clients can react quickly to shifting market dynamics impacting value chain performance and revenues. For more information about ModusLink's flexible, scalable and sustainable solutions, visit http://www.moduslink.com or http://www.valueunchained.com, the blog for value chain professionals.
ModusLink Global Solutions is a trademark of ModusLink Global Solutions, Inc. All other company names and products are trademarks or registered trademarks of their respective companies.
This release contains forward-looking statements, which address a variety of subjects including, for example, the expected benefits of the new facility, the Company's growth prospects in India and the expansion of the relationship with the named client. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: the Company's success, including its ability to expand its operations, depends on its ability to execute on its business strategy and the continued and increased demand for and market acceptance of its products and services; the Company's management may face strain on managerial and operational resources as they try to oversee the expanded operations; global economic conditions, especially in the technology sector are uncertain and subject to volatility; risks inherent with conducting international operations; the Company frequently sells to its clients on a purchase order basis rather than pursuant to long-term contracts or contracts with minimum purchase requirements, and therefore its sales are subject to demand variability; and increased competition and technological changes in the markets in which Company competes. For a detailed discussion of cautionary statements that may affect the Company's future results of operations and financial results, please refer to the Company's filings with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements made by us.
Maureen Williams, +1 603-667-7646
Richard Piekaar, +31 20 7 575 194
Farrah Phillipo, 781-663-5096
Maura Landry, 617-779-1829
Robert Joyce, 781-663-5120
Director, Investor Relations