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J M Baxi Heavy has signed an agreement to acquire Allcargo Logistics Limited’s Project Forwarding & Logistics Business. It has also provided a binding offer to Lift and Shift India Pvt Ltd for its heavy and over-dimension cargo logistics business. Both transactions are subject to completion, expected in the coming weeks.
Lift & Shift has been acquired by J M Baxi Heavy, a leading specialist in super-heavy lifting, shifting and multimodal transportation. It caters to sectors such as petrochemicals, hydrocarbon, fertilisers, renewable energy, power generation, civil construction and large scale manufacturing.
J M Baxi Heavy has expanded its operations in the Indian sub-continent with the acquisition of Allcargo, a UK-based Project Forwarding and Logistics firm. The company’s expertise in project forwarding and long-haul transportation of heavy/over-dimension cargo is to be expanded further.
The acquisition of the two business divisions of Allcargo and Lift & Shift will add immense value, weave in synergies with the current line of business at J M Baxi Heavy. Through this, we will be able to cater to our customers across the infrastructure space in the Indian and African sub-continents.
The new entity will play a key role in project logistics support for infrastructure development, not just in India but also in other developing countries. Allcargo’s exit is aligned with its strategy to focus on its core business.
“The merger of our company into the J M Baxi fold has great prospects for us,” said Romil Parikh, Director, Lift & Shift. End-to-end solutions are in high demand, and we are convinced that by combining our largest specialised equipment fleet on the subcontinent with J M Baxi’s terminal infrastructure, we will be able to provide exceptional value to our clients.”
