Last Thursday, Adani Logistics – the wholly owned subsidiary of Adani Ports and SEZ , announced acquisition of Innovative B2B Logistics Solutions which has strong clientle base in the metal industry primarily providing them services in the Eastern and Northern hinterland. B2B Logistics has been bought from the private equity firm True North valued at Rs 43.2 crore. The transaction will be completed by the end of the first quarter of FY 19-20.
Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ said, “With this acquisition, ALL will become the largest private rail and logistics park operator in India. We see significant synergies in the business across optimizing operations and leverage InLogistics’ eastern presence for new business. InLogistics fits well into our strategy and vision – to be the leader in providing integrated logistics services in India and focus on developing hinterland logistics.”