Grupo Traxión, S.A.B. de C.V. (BMV:TRAXION A) is looking for acquisitions. Aby Lijtszain Chernizky, Executive President said, "we're -- I mean, yes, we are seeing some acquisitions. The acquisitions that we are looking for are related also to nearshoring to add new services for nearshoring as, for example, a tax agency or I mean something to -- so we can do or improve our door-to-door service from Mexico to the States.
And we are looking at these companies on the Logistics and Technology division. So the returns that we see there are very big because what we do is we buy a company because we see a lot of synergies. And the main synergy that we see in these companies is commercial or let's say, commercial and finance financial.
So when we plug these synergies, the companies that grow a lot in the short term and then the returns that we see are very good. And most of the -- I mean, all of the time, the acquisitions are strategical that we can enter into a new service".
Grupo Traxion SAB de CV is a Mexico-based company engaged in the transportation sector. The Company provides logistics services within eight business areas: Fright, including intermodal and multimodal services, door-to-door, national and cross-border distribution, among others; Integrated logistics, including logistics management, aerial and maritime services and custom transportation support services; Warehousing, including dedicated storage, shared warehouses, packing and value-added services, such as labeling and products assembly; Logistics systems, including software for logistics management; Passenger transportation, including transportation of personnel and students; Special services, including rental of bus and vans; Moving, including national and international moving services, and Advertising, including custom transportation services during marketing campaigns. The Company operates through a number of group companies.