JSL announces the creation of Movida Participacoes S.A.
MOGI DAS CRUZES, Brazil, Jan. 27, 2015 /PRNewswire/ -- In December 2014, the Board of Directors of JSL S.A. (BM&FBOVESPA: JSLG3 and OTC: JSLGY) approved the creation of a new company called Movida Participacoes S.A., which will consolidate all the rent a car and fleet management and outsourcing activities. This new company is born with more than 35,000 light vehicles, 19,000 already dedicated to the rent a car business through Movida and 16,000 operating in JSL Logistica's fleet management and outsourcing business.
This corporate reorganization aims to lay the foundation for the continuous growth of these businesses, in addition to allowing an improved visualization between the various segments where JSL S.A. operates.
JSL Logistica has 28,000 light vehicles, 16,000 of which in fleet management and outsourcing with basic services offered in this market, which will be transferred to Movida Participacoes S.A.; The remaining vehicles, more than 12,000, which are allocated to high-complexity and extremely customized services, will continue to be operated and developed by JSL Logistica.
The consolidation of all these activities of JSL S.A. totaled more than 47,000 light vehicles, 35,000 of which from Movida Participacoes S.A. and 12,000 from JSL Logistica, which consolidate its position as the 2nd largest vehicle fleet company in Brazil, based on information from companies in this market.
INVESTOR RELATION CONTACT:
E-mail: [email protected] Phone: (55 11) 2377-7178
Fax: (55 11) 2377-7836
IR Website: www.jsl.com.br/ri
ABOUT JSL
JSL S.A. is the company with the most extensive portfolio of logistics services in Brazil and the leader in its segment in terms of net revenue. With a 59 year history, the company works with more than 170 branches throughout Brazil, in addition to 4 Mercosur countries, and operates in the entire production process of its customers - from cargo transport to the complete outsourcing of logistics chains.
SOURCE JSL S.A.
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