Market Overview

SIRVA Worldwide Relocation & Moving acquires Team Relocations

Share:

SIRVA Worldwide Relocation & Moving acquires Team Relocations

Integrated relocation & move management firm brings strength in Europe to bolster SIRVA's position as the #1 global mobility provider

PR Newswire

CHICAGO, Aug. 3, 2018 /PRNewswire/ -- SIRVA, Inc, the leading global relocation and moving service provider, today announced that it has acquired Team Relocations, a relocation & move management company based in Amsterdam, with offices across Europe.

SIRVA Worldwide Relocation & Moving Logo (PRNewsFoto/SIRVA, Inc.)

SIRVA, which has 55 office locations, 620 agent locations and more than 2,600 employees operating in 170 countries, will be more than doubling its European presence through the acquisition. The addition of Team Relocations will bring more than 320 employees and office locations in the Netherlands, United Kingdom, France, Belgium, Norway, Denmark, Luxembourg, Switzerland and Czech Republic, along with a service center location in Malaysia. Per the terms of the transaction, SIRVA will acquire Team Relocations' household goods, move management, relocation destination, visa & immigration and related shared services.

"Team Relocations brings strength in Europe to complement our strong position in the Americas and Asia," said Tom Oberdorf, Chief Executive Officer of SIRVA. "Expanding our global footprint to be where our clients want us to be and delivering a consistent, quality experience around the world are key pieces of our growth strategy."

"This move immediately makes SIRVA the leader in Europe," said Yogesh Mehta, Co-Founder and Chairman of the Board of Directors of Team Relocations. "Team Relocations clients will now have access to a broader, global support system and seamless service delivery. I am pleased to share this news with them because this is exactly what our clients have been asking for."

Richard Post, currently Group Director at Team Relocations, will assume the role of Group Managing Director from Co-Founder Yogesh Mehta and lead the business moving forward.

About SIRVA Worldwide Relocation & Moving

SIRVA Worldwide Relocation & Moving (SIRVA) is a leading partner for corporations to outsource their mobility needs, relocating and moving their executives and staff globally. SIRVA offers an extensive portfolio of mobility services across approximately 170 countries providing an end-to-end solution to deliver an enhanced mobility experience, program control and security for customers. SIRVA has a portfolio of well-known and recognizable brands including Allied, northAmerican, SMARTBOX, and Allied Pickfords. For more information please visit www.sirva.com.

Media Contacts:

SIRVA:
Mike DeGraff/Melanie Hemmert    
Sard Verbinnen & Co
312-895-4700

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/sirva-worldwide-relocation--moving-acquires-team-relocations-300691231.html

SOURCE SIRVA, Inc.

View Comments and Join the Discussion!