1. Aqua Logistics To Acquire 70% In Nikkos Logisticsby Iran Khan | April 26,2011 - 11:16 AM Topics : Mergers & AcquisitionsIndustries : Transport/LogisticsCategory : AnnouncedShare| Aqua Logistics Ltd will buy 70% stake in Bangalore-based Nikkos Logistics Pvt Ltd.Nikkos Logistics offers diversified logistics services including supply chain management service.Transaction Reference: BSETRANSACTION NOTE Established in 1999, Aqua Logistics provides services such as transportation, warehousing and re-distribution of cqargo. Company is promoted by Rajesh Uchil, MS Sayad, Harish Uchil andGopalkrishna Uchil.This will be Aqua's fifth acquisition since 2010.MonthTarget CompanyLocationSep'10Star Distribution Logistics Pvt LtdChennaiMar'10CIT Logistics LtdHongkongMar'10TAG Logistics LtdHongkongMar'10AGI LogisticsHongkongAqua is also looking for acquisitions in Indonesia and Vietnam.Last year, it raised Rs.150 Cr through IPO by diluting 32-33% of the stake valuing the company at around Rs 450 Cr (around $97 Mn). Neither of its earlier investor including Enam Shares & Securities, Carwin Mercantiles and Shubkham Ventures have exited during IPO.Last year, Japan's Hitachi Ltd's unit Hitachi Transport System Ltd acquired Flyjac Logistics Pvt Ltd, for Rs.250 Cr; Andhra Pradesh-based Transport Corporation of India (TCI) acquired 51% in a JV Company, Infinite Logistics Solutions Pvt Ltd; Reliance Industries acquired minority stake in Deccan Cargo & Express; while Nippon Yusen Kaisha bought 26% stake inTata Steel's subsidiary TM International Logistics Limited.<br />