Allcargo Logistics’ wholly owned subsidiary -- Allcargo Belgium N.V. has acquired additional 25% stake (aggregating 1,92,307 Equity Shares) in Ecunordicon AB on July 28, 2023 for a consideration of Swedish Krona 218.5 million. Pursuant to the acquisition Allcargo Belgium now holds 90% stake in Ecunordicon AB. The objective of acquisition is for expansion of core business and consolidation of stake in an important market with an extremely synergistic and capable partner.
Allcargo Logistics is an India-based holding Company. The company is engaged in providing integrated logistics solutions. It offers logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations etc.
