Amatil X completed an investment in Kargo Technologies.

Amatil X, the venture capital arm of Coca Cola Amatil, completed the acquisition of Kargo Technologies, trucking marketplace startup. Financial terms were not disclosed. “Kargo Technologies is our first startup investment in Indonesia and we are excited to be partnering with them to improve our overall logistics capability. Kargo is fulfilling two key land transportation routes for us and we expect this to increase over time as Kargo’s network expands,” Kadir Gunduz, Coca-Cola Amatil President.