Onmove buys Transin Logistics in all-cash deal

ZastLogisolutions Private Limited, which runs the truck aggregator platform Onmove, has acquired Hyderabad-based Transin Logistics for an unknown amount, in an all-cash transaction. The acquisition will expand its foothold in southern India and pave the way for its entry into the port logistics industry. The buyout has further catapulted Onmove’s annual re­curring revenue to Rs 6 billion.