Home  ⁄  Tag Archives: IDEA Logistics LLC

Bullish Expolanka to capture Central America with $ 9.7 m acquisition Source:FT Makes second acquisition, bringing total to $ 12 m in 6 months  Expo says latest acquisition is important strategic initiative with Central America gaining popularity as apparel manufacturing hub in relation to ”nearshoring” strategies adopted by leading US Bullish Expolanka Holdings PLC is making further inroads to Central America with the acquisition of logistics specialists firm for $ 9.7 million (around Rs. 2 billion).  The acquisition of IDEA Logistics LLC and its group of companies is via EFL Global Logistics Ltd. Singapore and EFL Global LLC, USA fully owned subsidiaries of Expolanka Holdings.  IDEA Logistics is a Central American logistics company headquartered in the US, servicing a range of US customers, offering freight forwarding, warehousing and trucking services.  «The acquisition is an important strategic initiative,» Expolanka said. It will enable Expo to expand its operations into Central American, ...

Aug 30, 2021 Posted by In elanka Finance Tagged ,
Read More →

Sri Lanka’s Expolanka buys US-based IDEA Logistics for $9.7mn Source:Economynext ECONOMYNEXT – Sri Lanka’s Expolanka Holdings said it had bought a 100 percent stake in US-based IDEA Logistics LLC, though two overseas unit for 97 million US dollars. “EFL Global Logistics (Pte.) Ltd (Singapore) and EFL Global LLC (USA), fully owned subsidiaries of Expolanka Holdings PLC (Expolanka), has acquired 100% equity interest of IDEA Logistics LLC and its Group of Companies on the 10th August 2021 for a total purchase consideration of 9.7 million UD dollars,” the firm said in a stock exchange filing. ...

Aug 28, 2021 Posted by In Articles Tagged ,
Read More →