XpressBees in Preliminary Negotiations to Purchase Logistics Firm Trackon

  • Logistics firm XpressBees is in early talks to acquire Trackon, aiming to strengthen its services in tier III and IV cities and mark an entry into traditional courier business.
  • The acquisition could add to XpressBees’ top line and business diversification through Trackon’s franchise-led parcel delivery; Trackon contributes over 70% of its business through a network of over 5,000 franchise partners across India.
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