5th September 2024 morning
Jakarta, Indonesia – YGL Convergence Malaysia Sdn Bhd (“CM”), a wholly-owned subsidiary of YGL Convergence Berhad (BURSA: 0086), is pleased to announce a strategic partnership with PT. Indo Trans Teknologi (“TRANSTRACK”), a leader in fleet operations optimization and supply chain integration. This collaboration aims to deliver cutting-edge localized solutions for smart warehouses and logistics across Southeast Asia.
About YGL Convergence Malaysia Sdn Bhd
YGL Convergence Malaysia Sdn Bhd is a subsidiary of YGL Convergence Berhad, a premier business solutions provider focused on specialized vertical industries such as Smart Manufacturing and Smart Warehouse. Listed on the Malaysian Stock Exchange, YGL Convergence Berhad is headquartered in Penang, Malaysia, with regional offices in Malaysia, Singapore, and Hong Kong, China. The company leverages deep domain expertise to deliver innovative and scalable enterprise solutions.
About PT. Indo Trans Teknologi (TRANSTRACK)
PT. Indo Trans Teknologi (TRANSTRACK) is a fleet operations optimizer and supply chain integrator dedicated to enhancing efficiency, reducing costs, and maximizing fleet productivity. TRANSTRACK’s solutions span fleet management, transportation management, and truck appointment systems, creating a seamless logistics and supply chain ecosystem. Their technology optimizes the entire delivery process, improving fleet management, cargo handling, and overall operational efficiency.
Strategic Partnership Overview
This collaboration brings together the strengths of CM and TRANSTRACK to deliver localized and advanced solutions to smart warehouses and logistics in Southeast Asia. By combining CM’s expertise in Enterprise Resource Planning (ERP), Warehouse Management Systems (WMS), Smart Manufacturing, and Halal Assurance Systems with TRANSTRACK’s fleet and supply chain management solutions, both companies will achieve greater capability outputs and technological integration.
Key Objectives of the Partnership:
- Technological Integration: The parties will integrate TRANSTRACK’s fleet operations and supply chain software with YGL’s ERP, WMS, Smart Manufacturing, and Halal Assurance Systems to deliver enhanced end-to-end solutions for logistics and manufacturing clients in the region.
- Cross-Market Collaboration: Both parties will leverage their strengths to jointly market these integrated solutions in Malaysia and Indonesia, targeting industries and government agencies with a need for advanced, localized solutions.
- Localization and Customization: YGL will apply its deep understanding of local business practices, regulatory standards, and market dynamics to tailor TRANSTRACK’s solutions to better serve Malaysian customers.
Market Expansion and Growth Strategy
This partnership will also drive the expansion of joint offerings across Southeast Asia, a region witnessing rapid industrialization and growing demand for advanced manufacturing and logistics solutions. Together, YGL and TRANSTRACK are well-positioned to capitalize on this growth by delivering state-of-the-art technologies, penetrating new markets, and creating value for clients in the automotive and value chain manufacturing sectors.
Value Proposition for Customers
The collaboration offers manufacturers in Southeast Asia access to an integrated, efficient, and scalable solution covering every aspect of the manufacturing and logistics process. Benefits for customers include:
- Improved Operational Efficiency
- Real-time Insights
- Enhanced Scalability
- Local Support and Expertise
Attended by:
1. H.E. Mr. Budi Karya Sumadi, Minister of Transportation of the Republic of Indonesia
2. H.E. Mr. Sandiaga Uno, Minister of Tourism and Creative Economy of the Republic of Indonesia
3. Ms. Anggia Meisesari, Founder and CEO of TransTRACK
4. Mr. Ahmad Wildan, Senior Investigator, National Transportation Safety Committee (KNKT)
5. Mr. Mace Hartley, Executive Director of the Austrian Fleet Management Association (AfMA)