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...
Coffee Day Enterprises promoted Sical Logistics received four firm bids under insolvency proceedings
Lenders of Sical Logistics Ltd, a subsidiary of listed Coffee Day Enterprises, received four firm bids of which Ambey Mining and Pristine Malva Logistics have separately made the highest offer, said people aware of the...
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...
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...
Mahindra Logistics acquires Meru Cabs from Mahindra & Mahindra
Mahindra Logistics (MLL) on Tuesday announced 100 per cent equity capital acquisition of Meru Cabs, a ride-sharing company, from its parent Mahindra & Mahindra (M&M). The all-cash deal size is Rs 1,305.9 crore...
Industrial Logistics Properties to buy Monmouth in $4 billion deal
REIT Industrial Logistics Properties Trust said on Friday it will buy peer Monmouth Real Estate Investment Corp in an all-cash deal valued at about $4 billion, including debt and transaction costs, to beef up its...
Seros Logistics acquires a Supra Max vessel to its diversified sea logistics fleet
Multimodal and marine logistics player, Seros Logistics has added a Supra Max vessel to its diversified fleet, taking the total count up to over 40, the company said on Tuesday. The company will operate the “MV...
Allcargo Logistics eyes potential stake sale in ECU Worldwide
Cargo and air freight logistics firm ECU Worldwide is looking to raise funds and has appointed Jefferies Financial to evaluate options, its Mumbai-based parent Allcargo Logistics said on Tuesday. The Indian company is...
Siemens readies logistics unit for sale as continues to sharpen focus -sources
Siemens is readying its logistics unit for sale in a potential roughly 500 million euro ($591 million) deal, as the German industrial conglomerate sheds non-core businesses to focus on its industrial operations, people...
JD.com unit makes $513 mln controlling bid in China Logistics
Chinese e-commerce giant JD.com Inc’s real estate unit has made an about HK$3.99 billion ($513.45 million) offer to buy a controlling stake in storage facilities manager China Logistics Property Holdings, the...
Allcargo picks up 65% stake in Swedish logistics major Nordicon for $29 mn
Allcargo Logistics, the country’s largest integrated logistics player in the private sector, on Friday announced its second large overseas acquisition snapping up a 65 per cent ownership in a USD 44 million joint...
Uber’s trucking unit to buy logistics planner Transplace for $2.25 bln
Uber Technologies Inc’s trucking business is buying transportation logistics company Transplace for about $2.25 billion from private equity firm TPG Capital, in a deal that is expected to speed up the unit’s...