Allcargo acquires 65% stake in Swedish logistics firm Nordicon Group

July 31 , 2021

Source: Economic Times

Allcargo Logistics on Friday said it has acquired a 65 per cent stake in Nordicon Group, a market leader in LCL (less-than-container-load) and rail consolidation segment in the Nordics region, for an undisclosed amount. The acquisition is being executed through Allcargo Belgium, a wholly-owned subsidiary of the country's largest integrated logistics solutions provider in the private sector.

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