Allcargo Logistics, the largest integrated player in the private sector, has acquired a 75% stake in the European rival Fair Trade for 12 million euros. The acquisition values the German company at 16 million euros, and the existing owner will retain the balance 25% stake in the company. The deal has been approved by the Bundeskartellamt, the German competition authority.
Here are a few things to know in detail:
Allcargo Logistics: is one of the leading players in the logistics industry, with a significant presence in India and other countries. The company provides a range of services, including multi-modal transportation, project logistics, and supply chain solutions.
Fair Trade: Fair Trade is a well-established logistics company based in Germany with a strong presence in Europe. The company specializes in transportation and logistics services and has a reputation for delivering high-quality services to its clients.
Deal details: Allcargo Logistics has acquired a 75% stake in Fair Trade for 12 million euros, valuing the German company at 16 million euros. The existing owner will retain the balance 25% stake in the company.
Benefits: The acquisition of Fair Trade will enable Allcargo Logistics to expand its footprint in Europe and tap into new markets and opportunities. The company will also be able to leverage Fair Trade’s expertise and experience in the European logistics market.
Future outlook: The acquisition of Fair Trade is a significant milestone for Allcargo Logistics and is expected to boost the company’s growth and competitiveness in the global logistics market. The markets are closely watching the company’s future actions, and investors are hopeful that the acquisition will be accretive to Allcargo’s bottom line.
Allcargo Logistics’ acquisition of Fair Trade is a strategic move that will help the company expand its presence in Europe and strengthen its position in the global logistics market. The Bundeskartellamt has approved the deal, and the future outlook for the company remains bright.