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Follow on Google News | Apollo LogiSolutions Ltd acquires controlling stake in UAE based Clarion Shipping Services LLC valueApollo LogiSolutions Ltd. (ALS), promoted by Raaja Kanwar, has acquired controlling stake in UAE based Clarion Shipping Services LLC valued at Rs. 400 Crores.
By: Apollo LogiSolutions Ltd Mr. Raaja Kanwar, Managing Director and Vice Chairman, AIL outlined the acquisition as a significant milestoneinthe company’s growth strategy. “We are confident that Clarion’s strong footprint in the logistics domain will enhance our global network in the integrated logistics space. Currently both Clarion and ALS are working towards identifying common lines of business. We hope that the resultant synergies and combined global network of this partnership will allow us to provide best in class service throughout the value chain of logistics business to our valued customers,” he added. Mr. Aniyan Kutty, Managing Director, Clarion Shipping Services LLC, said “We are excited to work with the team at ALS. We at Clarion have a keen focus on accelerated growth. This investment by ALS will allow us to pursue a strategy of enhancing our capabilities and expanding our international presence, while simultaneously leveraging ALS’s customer base and process methodologies.” With this acquisition, ALS will get access to over 20 countries where Clarion has a strong presence and will also extend ALS’s footprint to nearly 100 countries across the globe. As a part of this acquisition, Clarion will create an integration of all the Clarion processes with Apollo. The Clarion acquisition follows ALS’s acquisition in year 2013 of a Chennai based logistics company located close to the Chennai and Ennore ports. About Apollo LogiSolutions Ltd Established in 2009, Apollo LogiSolutions (ALS) operates large dry port at Panvel, Mumbai located close to India`s busiest port Jawaharlal Nehru Port Trust. With the vision of being a leading integrated logistics solutions provider with multimodal capabilities and a wide geographical reach, ALS has achieved a strong position in a short span of time. With an international joint venture and acquisition of an Indian logistics company in the first few years of its establishment, ALS has assets across the logistics supply chain to meet the needs of its customers. In 2012, ALS entered into a joint venture with a leading German logistics company, FIEGE, to form APOLLO FIEGE Integrated Logistics (AFIL). In the 60:40 JV between the two establishments, 60% is held by ALS. FIEGE brings with it 140 years of logistics industry experience and a strong presence in 200 locations across 70 countries. ALS has grown organically and inorganically in its journey so far and will continue to chart a strong course towards its vision of being a leader in the industry. The company is working towards enhancing its spectrum of offerings by partnering with companies that will bring factor like experience, worldwide presence and logistics domain expertise. For more details - http://apollologisolutions.com/ About Clarion Shipping Services LLC Founded in 1996 by Aniyan Kutty in UAE, Clarion is an established logistic player in the GCC and Africa. Clarion has the single largest storage facility in Jebel Ali Free Zone in Middle East. Clarion range of services include Global Ocean and Air Transportation, LCL and FCL services, Import and Export Consolidation, Land Transportation, Warehousing, Distribution and Logistics Services, Break Bulk Services, NVOCC, Customs Clearance and Brokerage. The company earned a matchless distinction in customer loyalty - near 100% customer retention - through its dedicated and capable workforce. For more details - http://www.clarionshipping.com/ For further information, please contact: Indranil Roy Choudhuri|Indranil.roy@ Linett Loyall |linett@avian- Riticka Dutta |riticka@avian- End
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