MGN Logistics, Inc, a leading provider of IT solutions for the freight management and transportation industry, announced it was acquiring shares of Transportation and Logistics Systems, Inc., in the open market.
"I see huge potential in our two companies joining forces. MGN is well known for our transportation technology and TLSS for expanding its relationship with Amazon," stated Matthew Telesca, CEO of MGN Logistics. "While discussions are in the very early stages, as John begins ramping up to make multiple acquisitions, it only makes sense to have a logistics technology partner to assist them in utilizing one Transportation Management System or TMS. Additionally, since MGN has grown revenue through numerous acquisitions, we are intimately familiar with the intricacies of integrating multiple operating systems into one. I'm very excited to see John execute his plan and I hope we can add value."
