JAKARTA. PT Adi Sarana Armada Tbk (ASSA), an end-to-end logistics service provider, has reportedly acquired an investment credit facility worth IDR 150 billion through one of its subsidiaries, PT Adi Sarana Transportasi.

This credit facility came from PT Bank Mestika Dharma Tbk (BBMD). The MoU regarding this credit facility was signed by the company on November 10, 2023.

Suyanto Tjoeng, Director of ASSA, said that this investment credit facility shows its business capacity and quality that is still deemed credible by banks. “With this investment credit facility, we wish to strengthen our mid-mile logistics business even more,” he added in the official release.

Later, this facility will be used by Adi Sarana Transportasi to acquire more goods transportation and delivery vehicles under the name CargoShare Logistics. In addition to this, this credit facility will be used to reinforce its mid-mile logistics business.

As of now, CargoShare Logistics platform has managed around 2,000 trucks, both in light and medium capacity. In the future, CargoShare Logistics will provide end-to-end logistics services, such as mid-mile transportation, last-mile transportation (Anteraja), warehouse management, and Coldspace.

“Looking at this massive logistics business potential, we are optimistic that this new vehicle acquisition will further solidify CargoShare Logistics’ capability in seizing the market share,” said Tjoeng. (KR/ZH)