Swiss logistics group Panalpina has bowed to an increased 4.6 billion Swiss francs ($4.6 billion) bid from Danish rival DSV, ending a more than two month takeover battle designed to build scale in the consolidating...
BlackBuck in talks with B-Capital, Goldman Sachs to raise $150 mn
Logistics start-up BlackBuck is close to sealing a new financing round of $150 million from new and existing investors to support a major push into financial services, truck servicing and other businesses. This move...
Dubai’s courier giant Aramex sells India unit to logistics startup Delhivery
Soon-to-be unicorn logistics startup Delhivery has acquired India operations of the Dubai-based logistics company Aramex. Delhivery’s co-founder Suraj Saharan confirmed the development however didn’t provide further...
Morgan Stanley arm buys majority stake in Pune’s KSH Infra for ₹350 crore
Morgan Stanley Real Estate Investing (MSREI) has picked up a majority stake in Pune-based warehouse and logistics park developer KSH Infra Ltd for around ₹350 crore. MSREI is the private real estate investment...
Walmart, Google-backed Deliv end online grocery partnership
Walmart Inc and logistics firm Deliv pulled the plug on a key same-day grocery delivery partnership, dealing a setback in the retailer’s race against rival Amazon.com Inc to deliver groceries to customers’ homes. The...
DSV’s $4 billion Panalpina offer given shareholder cold shoulder
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...
