JM BAXI HEAVY to acquire Allcargo Logistics, Lift & Shift

JM Baxi Heavy has signed a definitive agreement to acquire Allcargo Logistics Limited’s project forwarding and logistics business. It has also provided a binding offer to Lift and Shift India, to acquire its heavy and over-dimension cargo logistics business. Lift and Shift has accepted the binding offer, which is subjected to the execution of a pact for the business transfer between the parties. On completion, both businesses will merge into JM Baxi Heavy Pvt. Ltd. Lift and Shift brings with it, a specialisation in engineered logistics services for the niche category of super-heavy lifting, shifting and multimodal transportation.