Allcargo Global Logistics Limited announced that its wholly owned subsidiary, Ecu Global N.V., has acquired the remaining 10% stake in ECUnordicon AB (formerly ECU Worldwide (Nordicon) AB) for SEK 17.60 million in cash. The transaction brings Ecu Global N.V.'s total shareholding in the Swedish entity to 100%, consolidating full ownership of this multimodal transportation and warehousing operation. The acquisition was disclosed to stock exchanges on July 29, 2026, in compliance with Regulation 30 of the SEBI Listing Regulations, read with Part A of Schedule III.

Transaction Details

The purchase was executed pursuant to a put option outlined in a shareholders agreement signed on July 29, 2021. Under the terms of that agreement, Ecu Global N.V. agreed to purchase 76,924 shares, representing the remaining 10% equity interest in ECUnordicon AB. The transaction did not require any governmental or regulatory approvals and was completed without promoter involvement. The key parameters of the deal are summarised below:

About ECUnordicon AB

ECUnordicon AB, incorporated in Sweden on July 7, 2021, operates within the multimodal transportation and warehousing sector. The company has reported fluctuating revenue trends over the past three years. The table below presents the console net revenue for the periods reported:

The revenue for the January to December 2025 period stood at SEK 462,555,733, reflecting a decline from SEK 541,851,764 recorded in the same period in 2024. However, the 2025 figure remains significantly higher than the SEK 392,621,695 reported in 2023.

Strategic Significance

The complete acquisition of ECUnordicon AB aligns with Allcargo Global Logistics Limited's broader strategy to strengthen its international logistics network through vertical integration. By securing full ownership, the company is positioned to fully consolidate the Swedish entity's financials and streamline its European warehousing and transport operations. The absence of promoter interest confirms the transaction was conducted at arm's length, ensuring transparency in the consolidation process. The disclosure was made to the Bombay Stock Exchange and the National Stock Exchange of India in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.