Private equity firm Blue River Capital has picked up a minority stake in Wilson Sandhu Logistics (WSL), a freight management company, for Rs 40 crore.
“Our strategy is to be a niche player offering services in areas like automobiles, machinery and equipment and specialised project forwarding areas that demand highly skilled cargo handling across the supply chain,” RS Sandhu, managing director of Wilson Sandhu, said.
“With excellent growth opportunities available in the freight forwarding space today, the investment by Blue River Capital will enable the company to rapidly scale up and establish itself as a premier freight forwarder with a global footprint,” he added.
Muneesh Chawla, managing director of Blue River Capital said: “Wilson Sandhu is one of the few large home-grown freight management companies in India and has the opportunity to take leadership in an otherwise fragmented market. With its current initiatives in network building and investments in IT infrastructure, we are positive that WSL shall be able to seize this market opportunity.” Mr Chawla has also joined the board of WSL.
WSL has offices in 35 locations across the country and an agent presence in over 70 countries. The company has capabilities in multi-modal transport and also handles specialised cargo for some of its clients. WSL has recently acquired Detraco GmbH, a freight management company based in Germany.
Source: Economic Times