{"id":72465,"date":"2021-08-28T13:35:17","date_gmt":"2021-08-28T13:35:17","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=72465"},"modified":"2021-08-28T13:35:17","modified_gmt":"2021-08-28T13:35:17","slug":"sri-lankas-expolanka-buys-us-based-idea-logistics-for-9-7mn","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/sri-lankas-expolanka-buys-us-based-idea-logistics-for-9-7mn\/","title":{"rendered":"Sri Lanka\u2019s Expolanka buys US-based IDEA Logistics for $9.7mn"},"content":{"rendered":"<h1 class=\"story-page-header\" style=\"text-align: center;\"><span style=\"font-size: 24px; color: #000000;\">Sri Lanka\u2019s Expolanka buys US-based IDEA Logistics for $9.7mn<\/span><\/h1>\n<p><strong><span style=\"font-size: 16px; color: #800000;\">Source:<\/span><\/strong><span style=\"color: #000000;\"><a style=\"color: #000000; font-size: 16px;\" href=\"https:\/\/economynext.com\/sri-lankas-expolanka-buys-us-based-idea-logistics-for-9-7mn-85536\/\" target=\"_blank\" rel=\"noopener noreferrer\">Economynext<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">ECONOMYNEXT \u2013 Sri Lanka\u2019s Expolanka Holdings said it had bought a 100 percent stake in US-based IDEA Logistics LLC, though two overseas unit for 97 million US dollars.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cEFL Global Logistics (Pte.) Ltd (Singapore) and EFL Global LLC (USA), fully owned subsidiaries of Expolanka Holdings PLC (Expolanka), has acquired 100% equity interest of IDEA Logistics LLC and its Group of Companies on the 10th August 2021 for a total purchase consideration of 9.7 million UD dollars,\u201d the firm said in a stock exchange filing.<\/span><\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">IDEA Logistics LLC is a Central American logistics company headquartered in the United States, servicing a range of US customers, offering freight forwarding, warehousing and trucking services.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Colombo-listed Expolanka stock has more than doubled to near 150 rupees over take-over speculation and dollarised revenues as Sri Lanka\u2019s rupee fell steeply.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">On Friday, it gained 1.7 percent to 149.25 rupees, a day after it jumped nearly 20 percent.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cThe acquisition is an important strategic initiative enabling Expolanka to expand its operations into Central America, which is gaining popularity as an emerging and fast-growing apparel manufacturing hub, in relation to Near Shoring strategies adopted by leading US customers,\u201d the firm said. (Colombo\/Aug27\/2021)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sri Lanka\u2019s Expolanka buys US-based IDEA Logistics for $9.7mn Source:Economynext ECONOMYNEXT \u2013 Sri Lanka\u2019s Expolanka Holdings said it had bought a 100 percent stake in US-based IDEA Logistics LLC, though two overseas unit for 97 million US dollars. \u201cEFL Global Logistics (Pte.) Ltd (Singapore) and EFL Global LLC (USA), fully owned subsidiaries of Expolanka Holdings [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20],"tags":[36869,36870],"class_list":{"0":"post-72465","1":"post","2":"type-post","3":"status-publish","4":"format-aside","6":"category-articles","7":"tag-efl-global-logistics-pte-ltd","8":"tag-idea-logistics-llc","9":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sri Lanka\u2019s Expolanka buys US-based IDEA Logistics for $9.7mn<\/title>\n<meta name=\"description\" content=\"ECONOMYNEXT \u2013 Sri Lanka\u2019s Expolanka Holdings said it had bought a 100 percent stake in US-based IDEA Logistics LLC\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sri Lanka\u2019s Expolanka buys US-based IDEA Logistics for $9.7mn\" \/>\n<meta property=\"og:description\" content=\"ECONOMYNEXT \u2013 Sri Lanka\u2019s Expolanka Holdings said it had bought a 100 percent stake in US-based IDEA Logistics LLC\" \/>\n<meta property=\"og:url\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lankas-expolanka-buys-us-based-idea-logistics-for-9-7mn\/\" \/>\n<meta property=\"og:site_name\" content=\"eLanka\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eLanka.com.au\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-28T13:35:17+00:00\" \/>\n<meta name=\"author\" content=\"eLanka admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"eLanka admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lankas-expolanka-buys-us-based-idea-logistics-for-9-7mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lankas-expolanka-buys-us-based-idea-logistics-for-9-7mn\/\"},\"author\":{\"name\":\"eLanka admin\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/f6e635b74ab35ef88a68a9973cacc5bd\"},\"headline\":\"Sri Lanka\u2019s Expolanka buys US-based IDEA Logistics for $9.7mn\",\"datePublished\":\"2021-08-28T13:35:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lankas-expolanka-buys-us-based-idea-logistics-for-9-7mn\/\"},\"wordCount\":209,\"publisher\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#organization\"},\"keywords\":[\"EFL Global Logistics (Pte.) 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