Allcargo Logistics completed the acquisition of a 30% stake in Gati-Kintetsu Express from Kintetsu World Express for $49m.

Allcargo Logistics, a logistics company, completed the acquisition of a 30% stake in Gati-Kintetsu Express from Kintetsu World Express, a freight forwarding company, for $49m. “It has been a fruitful association with KWE. The Share Purchase will offer Allcargo Logistics, along with its subsidiary Gati, full ownership and control and facilitate strategic decision-making in the company,’ Shashi Kiran Shetty, Allcargo Founder and Chairman.