Allcargo Logistics completes acquisition of 30% stake from KWE in Gati subsidiary

In addition to this, the company had earlier bought out minority stake of its partner in the contract logistics business under Allcargo Supply Chain.
Allcargo’s Contract logistics business is engaged in managing inventories and providing third party supply chain solutions to marquee Indian and international customers across chemical, auto, e-commerce and other industries.
These acquisitions are in line with the company’s strategy to sharpen the focus on high growth opportunities in express and contract logistics business in India. This move will also facilitate simplification of the corporate structure. Allcargo is well positioned to derive synergies from contract logistics and express distribution.