Danish logistics company DSV’s $4 billion-plus bid for Panalpina hit a roadblock on Monday when the Swiss freight forwarder’s top shareholder rejected the offer, saying Panalpina should stick to its own “consolidator...
Mapletree to invest in logistics assets in India
In its second innings in India, Singapore-based real estate asset manager Mapletree Investment Pte. Ltd is gearing up to invest in the logistics space, apart from core office assets, said three people familiar with the...
Mahindra Logistics eyes acquisitions in logistics-tech space
MahindraNSE 0.32 % Logistics is actively looking at acquisitions in the logistics-technology space as it tries to increase operational efficiencies through higher levels of digitisation, its chief executive has said...
BlackBuck eyes unicorn tag, Rivigo with fresh funding
Logistics startup BlackBuck is in funding talks to raise $150-250 million, as it seeks to capture the massive trucking market and take on bigger rival Rivigo, according to two people familiar with the development. The...
Logistics firm FarEye buys Dipper Technologies
RoboticWares Pvt. Ltd, which runs logistics platform FarEye, has acquired freight logistics marketplace Dipper Technologies in a cash and stock transaction, a senior company executive said. Founded by Kushal Nahata...
SoftBank Vision Fund may put $250 million in Delhivery
SoftBank Vision Fund is in talks to invest $200-250 million (Rs 1,470-1,837 crore) in ecommerce-focused logistics player Delhivery, two people familiar with the development said. The $100-billion fund started by...
TVS Logistics Services buys 51% stake in Chola’s WDSI for Rs 422 mn
TVS Logistics Services Ltd (TVS LSL) has picked up 51 per cent stake in White Data Systems India Pvt Ltd (WDSI), a subsidiary of the Rs 329-billion Murugappa Group’s financial services firm Cholamandalam...
Logistics start-up Rivigo Services in talks to raise up to $400 million
Rivigo Services Pvt. Ltd, India’s most valuable logistics start-up, is in talks to raise a large round of funds from new and existing investors as it seeks to expand its trucking fleet and add new clients, three people...
Dubai’s DP World acquires Danish logistics firm Unifeeder
DP World, one of the world’s largest port operators, said on Tuesday it had acquired 100 percent of Unifeeder Group, a Danish logistics company, for 660 million euros ($762.6 million). The acquisition from Nordic...
TVS Logistics in talks to acquire Gati for Rs 1,500 crore.
TVS Logistics, India’s largest logistic services provider, is in talks with smaller rival Gati to buy a controlling stake for about Rs 1,500 crore, signalling bigger investments, in an industry benefiting from a surge...
Temasek, Ascendas join hands to invest $300 million in logistics business
Singapore-based Ascendas-Singbridge Group and Temasek Holdings Pvt Ltd have jointly committed an investment of around $300 million in logistics and industrial real estate projects in India through the Ascendas India...
U.S. grain exporter Bartlett to merge with logistics firm
Bartlett and Company, which says it is a top exporter of U.S. grain to Mexico, will merge with logistics provider Savage Companies, the firms said on Wednesday, in the latest round of consolidation to hit the struggling...
