About GTI Group
GTI Group is a company based in Lachine (Canada) founded in 1992 was acquired by Canada Cartage in November 2023.. The company has 52 employees as of December 31, 2022. GTI Group has completed 3 acquisitions, including Foxconn Logistics, Jetco Delivery and Precision Specialized Division. GTI Group offers products and services including Brokerage, Managed Transportation Solutions, Ground Transport Services, International Services, and Warehousing Services. GTI Group operates in a competitive market with competitors including DACHSER, Mullen Group, Skelton Truck Lines, Mikisew Group and Brimich Logistics, among others.
- Headquarter Lachine, Canada
- Employees 52 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gti Logistics A/S
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Annual Revenue
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Net Profit
$1.09 M (USD)-8as on Jun 30, 2023
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EBITDA
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Latest Funding Round
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Investors
NovaCap
& 1 more
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Employee Count
52
as on Dec 31, 2022
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Investments & Acquisitions
Foxconn Logistics
& 2 more
- Acquired by
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Products & Services of GTI Group
GTI Group offers a comprehensive portfolio of products and services, including Brokerage, Managed Transportation Solutions, Ground Transport Services, International Services, and Warehousing Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages supply chain logistics with third-party carriers
Provides technology and professionals for transportation management
Offers asset-based trucking across North America
Handles air, ground, and ocean freight shipments
Manages warehousing for efficient goods storage
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Funding Insights of GTI Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GTI Group
GTI Group has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include NovaCap and Canada Cartage. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Acquisitions are targeted by Novacap, a private equity firm.
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Founded Year | Domain | Location | |
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National transportation and logistics services are provided throughout Canada.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GTI Group
GTI Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Foxconn Logistics, Jetco Delivery and Precision Specialized Division. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of freight forwarding and ocean transportation services
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2017 | ||||
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Transportation and road freight forwarding services are provided globally.
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1976 | ||||
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Specialized freight transportation services are provided in Canada.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - GTI Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gti Group Comparisons
Competitors of GTI Group
GTI Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DACHSER, Mullen Group, Skelton Truck Lines, Mikisew Group and Brimich Logistics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Road transportation services are provided by DACHSER across multiple regions.
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| domain | founded_year | HQ Location |
Trucking and logistics services are operated across Canada.
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| domain | founded_year | HQ Location |
Road freight forwarding and logistics services are provided across Canada.
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| domain | founded_year | HQ Location |
Offers oil sands site services, maintenance, logistics, and construction expertise.
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| domain | founded_year | HQ Location |
Temperature-controlled warehousing, logistics, and transportation services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gti Group
Frequently Asked Questions about GTI Group
When was GTI Group founded?
GTI Group was founded in 1992.
Where is GTI Group located?
GTI Group is headquartered in Lachine, Canada. It is registered at Lachine, Quebec, Canada.
Who is the current CEO of GTI Group?
Richard Lafreniere is the current CEO of GTI Group.
How many employees does GTI Group have?
As of Dec 31, 2022, the latest employee count at GTI Group is 52.
What does GTI Group do?
GTI Group was founded in 1992 in Lachine, Canada, and operates within the road freight transportation sector. Services encompass the movement of goods via truck across various routes, primarily serving North American logistics needs. The company is led by CEO Richard Lafreniere, with operations centered on efficient freight handling and distribution. Focus remains on standard trucking solutions for commercial clients in the region.
Who are the top competitors of GTI Group?
GTI Group's top competitors include DACHSER, Mullen Group and Skelton Truck Lines.
What products or services does GTI Group offer?
GTI Group offers Brokerage, Managed Transportation Solutions, Ground Transport Services, International Services, and Warehousing Services.
How many acquisitions has GTI Group made?
GTI Group has made 3 acquisitions, including Foxconn Logistics, Jetco Delivery, and Precision Specialized Division.
Who are GTI Group's investors?
GTI Group has 2 investors. Key investors include NovaCap, and Canada Cartage.
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