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(23 May 2024, 08:38)

Allcargo Logistics arm acquires 25% stake in Fair Trade

Allcargo Logistics said that its wholly owned subsidiary, ECU Worldwide N.V. (Formerly known as Allcargo Beligum N.V.) has acquired 25% stake in Fair Trade for a consideration of EUR 2.9 million.


Fair Trade is a FCL and LCL consolidation services provider, operating in Germany with offices in Bremen and Hamburg. Its turnover for 2023 was EUR 13,679,876.

Pursuant to acquisition of balance 25% stake in Fair Trade, ECU Worldwide N.V. now holds 100% stake in Fair Trade and is now a wholly owned subsidiary of the company.

The company has acquired Fair trade for expansion of FCL and LCL business in an important market with a synergistic and capable partner.

Earlier in November 2022, the company’s wholly owned subsidiary, ECU Worldwide N.V had acquired 75% stake in Fair Trade for total consideration of EUR 12 million.

Allcargo Logistics is an integrated logistics service provider and operates in multiple business segments – multimodal transport operation (MTO), container ...

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