Hapag-Lloyd completed the acquisition of a 35% stake in J M Baxi Ports & Logistics from Bain Capital.

Hapag-Lloyd, a German international shipping and container transportation company, completed the acquisition of a 35% stake in J M Baxi Ports & Logistics, a marine shipping and logistics services provider, from Bain Capital, an American private investment firm. Financial terms were not disclosed. “Terminal and infrastructure investments are a crucial element of our strategic agenda and India is one of our key growth markets. Acquiring a significant share in J M Baxi Ports & Logistics Limited will significantly boost our presence in India with a trusted local partner and it is another important step to build up our terminal and infrastructure business,” Rolf Habben Jansen, Hapag-Lloyd CEO.