Allcargo Logistics Acquires Netherlands-based Logistics Co

Allcargo Logistics Ltd., through its step down wholly-owned subsidiary Ecuhold NV acquired majority stake in FCL Maine Agencies Rotterdam, a Netherlands-based logistics company.

FCL Maine Agencies Rotterdam is a leading neutral NVO service provider in Full Container Load (FCL) segment operating in Europe, US and Canada. With Ecu Line's global leadership as a neutral LCL provider with network across 90 countries and 200 own offices globally, its acquisition of FCL Marine Agencies Rotterdam, is a step forward to consolidate its global leadership and cater to its customer's request for a neutral FCL service through its global network and benchmark services.

At the BSE, Allcargo Logistics shares are currently trading at Rs.107.50, down 0.65 percent from the previous close.

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