# JM Baxi Heavy to acquire Allcargo Logistics project forwarding business and Lift & Shift India

JM Baxi Heavy has signed a definitive agreement to acquire Allcargo Logistics' project forwarding and logistics business and a binding offer to acquire Lift & Shift India's heavy and over-dimension cargo logistics business. Both will merge into JM Baxi Heavy.

- Type: Acquisition
- Announced: 2022-04-12
- Where: India
- Status: announced
- Products: project forwarding and logistics services, heavy and over-dimension cargo logistics
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [JM Baxi Heavy](https://endata.com/companies/62256.md) (acquirer)
- [Allcargo Logistics](https://endata.com/companies/62257.md) (target)
- [Lift and Shift India](https://endata.com/companies/62258.md) (target)
- [JM Baxi Ports & Logistics](https://endata.com/companies/62259.md) (partner)

## Sources

- [logisticsoutlook.com](https://www.logisticsoutlook.com/logistics/jm-baxi-group-to-acquire-two-companies), 2022-04-12: "JM Baxi Heavy has signed a definitive agreement to acquire Allcargo Logistics’s project forwarding & logistics business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.