Sitics Logistic Solutions Acquires Udgam Logistics

Sitics Logistic Solutions

Third-party logistics firm Sitics Logistic Solutions has acquired Delhi-based cold chain and distribution start-up Udgam Logistics.

Sitics Logistic Solutions Venture into Cold Chain Industry  

The company paving its entry into the USD 25-billion cold chain space besides tapping into new markets without disclosing the acquisition amount.

This is the second buyout for the Palakkad (Kerala)-based technology-enabled supply chain company in four months. In early-May this year, it acquired Quifers, an innovative logistics tech start-up.

"In continuing with our vision of building capabilities across the logistics value chain, this acquisition will help Sitics target a new segment and provide tremendous value to our clients. Sectors like pharma, QSR, HORECA (hotel/ restaurant/catering), agriculture, dairy, and marine are rapidly growing. The sectors are in need of a world-class temperature-controlled supply chain, which Sitics will be able to provide through Udgam''s expertise, experience, and processes," said Sitics Logistic Solutions founder CEO Sikander A M.

"Udgam’s merger with Sitics would enable it to emerge as an integrated player with wide reach, offering unique and innovative solutions in the logistics domain, especially with respect to temperature-controlled supply chains," said Rahul Mathur, Founder and Director of Udgam Logistics.

Sitics' presence and expertise in logistics tech, e-commerce, warehousing, clearing and forwarding (C&F) operations spanning across Southeast Asia, Europe, Australia and the US, unfold many opportunities to develop this vertical with cutting-edge and tech-driven solutions, he said.




About the author

Mary has over 20 years experience as the editor of our Malaysian sister magazine, The Tyreman. Based in Kuala Lumpur, she writes articles for us on the Malaysian and other South East Asian markets.

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