SJ Logistics (India) Ltd. to Acquire SJ Logisol Shipping LLC for ₹5.6 Million

In a strategic development, SJ Logistics (India) Ltd. has proposed to acquire 100% equity shares of SJ Logisol Shipping LLC for an aggregate consideration of ₹5.6 million. The acquisition forms a part of the company's overall strategy to increase its global presence and strengthen its service delivery capabilities in the logistics space. SJ Logistics has been continuously engaged in offering door-to-door logistics solutions, such as project cargo handling, ocean and air freight forwarding, and customs clearance. The acquisition will most likely strengthen its market position by tapping the expertise and resources of SJ Logisol Shipping LLC.

 

With SJ Logistics further committed to operational excellence and technological advancement, the acquisition fits with its strategy of enhancing partnerships and promoting long-term value creation. The action is regarded as a welcome move towards seizing new opportunities in the logistics sector.

 

Source: Logistics Industry News