Canadian fund CPP Investments (CPPIB), Singapore’s government-owned Temasek and Swedish buyout firm EQT AB that owns Baring Private Equity Asia are among a bunch of suitors in separate talks to acquire a significant...
Adani Logistics to buy Navkar’s inland container depot in Gujarat for ₹835 cr
Adani Logistics Ltd (ALL), a unit of Adani Ports and Special Economic Zone Ltd, on Tuesday said it has signed a definitive agreement to acquire an inland container depot (ICD) from Navkar Corporation Ltd for an...
Amazon in talks to buy logistics unicorn Ecom Express
Amazon.com Inc. is in initial talks to acquire more than 51% in logistics unicorn Ecom Express Ltd for $500-600 million, two people aware of the plans said, as the e-commerce giant aims to build an in-house logistics...
UPS to buy Italy’s Bomi Group to grow healthcare logistics business
United Parcel Service Inc said on Monday it would buy Italy-based healthcare logistics firm Bomi Group to bolster its capability in delivering medicines that require cold storage. The U.S. delivery firm is focusing on...
Shiprocket’s logistics volume to grow 40% after Pickrr acquistion: CEO
Logistics startup Shiprocket said on Wednesday its acquisition of Pickrr, an e-commerce SaaS platform, will enable it handle about 10 million shipments monthly—a growth of 40 percent. Shiprocket is acquiring a majority...
Lodha, Bain, Ivanhoe Ink $1bn Logistics Deal
Real estate firm Lodha on Wednesday said it has partnered with Bain Capital and Ivanhoé Cambridge to build a platform of logistics and light industrial parks, as well as in-city fulfillment centers. The platform will...
CMA CGM buys auto logistics firm Gefco as Russia’s RZD, Stellantis exit
French shipping group CMA CGM said on Friday it has acquired nearly 100% of Gefco, the auto transport company previously co-owned by Russian Railways (RZD) and carmaker Stellantis. CMA CGM had been authorised by the...
JM Baxi agrees to acquire units of two logistics firms for Rs. 200 crore
JM Baxi has agreed to acquire units of two logistics companies for Rs. 200 crore, according to sources. It is acquiring one of the units of logistics major Allcargo Logistics which carries out movement of heavy...
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...