DHL Express Division, an affiliate of Deutsche Post DHL Group, struck a deal with Cargojet Inc, which would give the German company an option to buy up to 9.5% equity stake in the Canadian firm. Cargojet said on Tuesday...
CCI clears Blackstone, TPG buying stakes in Busybees Logistics
Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd. Busybees is engaged in the business of providing logistics and delivery solution...
China’s JD Logistics agrees to buy courier company Deppon
Chinese e-commerce giant JD.com Inc on Sunday said that its subsidiary JD Logistics Inc has agreed to buy domestic courier Deppon Logistics Co Ltd. Under the deal, JD Logistics will acquire 99.99% equity stake in Deppon...
Mahindra Logistics acquires Whizzard
Mahindra Logistics Ltd (MLL) on Monday said it has acquired a majority stake in last-mile delivery services provider Whizzard. The acquisition will complement Mahindra Logistics’ existing last-mile delivery...
Siemens deal to sell its logistics business ‘imminent’ -sources
Siemens is very close to selling its logistics business, sources have told Reuters, with a deal likely to be “imminent”. Siemens’s supervisory board is due to meet on Wednesday, ahead of the...
D-Orbit to go public in U.S. via $1.28 billion SPAC deal
Italian space logistics firm D-Orbit said on Thursday it will go public in the United States through a merger with a blank-check firm in a deal valuing the company at $1.28 billion, including debt. The deal with Breeze...
ADQ transfers 22% stake in Aramex to Abu Dhabi Ports
Abu Dhabi government-owned holding company ADQ has transferred a 22.32% stake in logistics firm Aramex, which it acquired in 2020, to Abu Dhabi Ports, another company in its portfolio, Aramex said. ADQ said in September...
Shiprocket acquires B2B logistics aggregator Rocketbox
Tech-enabled logistics and fulfilment company Shiprocket on Friday said it has acquired Rocketbox, a B2B logistics aggregator platform, for an undisclosed amount. The Rocketbox founders will join the Shiprocket...
Delhivery invests in Falcon Autotech
Market-bound logistics company Delhivery has made an undisclosed investment in logistics automation solution provider Falcon Autotech, the company said on Wednesday. According to a company statement, the investment is...
Mahindra Logistics acquires 100% stake in Meru
Third-party logistics solution provider Mahindra Logistics Ltd (MLL) has announced its acquisition of Meru today. The company has acquired 100 per cent equity share capital of Meru Mobility Tech Private Limited, V-Link...
Delhivery acquires Transition Robotics Inc
New age logistics services provider Delhivery has acquired California-based Transition Robotics Inc, which develops Unmanned Aerial System (UAS) platforms. Delhivery did not disclose the financial details. “All IP...
Gateway Distriparks’ merger scheme gets NCLT nod, shares end flat
Logistics facilitator Gateway Distriparks Limited today said that the Mumbai bench of National Company Law Tribunal (NCLT) has approved its petition pertaining to a scheme of amalgamation with two of its...
