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...
CCI approves FedEx India’s minority stake-buy in Delhivery
The Competition Commission of India (CCI) on Tuesday approved FedEx India’s acquisition of minority stake in Delhivery. It has also given nod to the acquisition of certain operating assets of FedEx India and TNT...
ESR eyes acquisitions, to build in-city logistics centres
ESR India, an industrial and logistics real estate platform, is looking to step up land acquisitions to expand its portfolio, as well as build in-city distribution centres, prompted by high demand by e-commerce and...
Alibaba-backed Best to sell China express delivery business in $1.1 bln deal
Alibaba-backed Best Inc said on Friday it would sell its express delivery business in China to J&T Express Co. Ltd. in a deal valued at about 6.8 billion yuan ($1.06 billion). “In light of the unexpected...
French express parcel firm Geopost acquires 20.15% stake in Dubai’s Aramex
GeoPost, the express parcel arm of French Groupe La Poste, has acquired a 20.15% stake in Dubai-listed courier firm Aramex, according to a regulatory filing on Wednesday. The French express logistics firm acquired about...
