J M Baxi Group to acquire Allcargo Logistics, Lift & Shift India

J M Baxi Group has signed an agreement to acquire Allcargo Logistics’ Project Forwarding and Logistics Business. It has also provided a binding offer to Lift and Shift India Private Limited (Lift and Shift), to acquire its heavy and over-dimension cargo logistics business. Lift and Shift has accepted the binding offer, which is subjected to the execution of a definitive agreement for the business transfer between the parties. Both transactions are subject to completion, which is expected in the coming weeks. On completion, both businesses will merge into J M Baxi Heavy Pvt. Ltd.