DeClout to acquire 30% stake in vCargo Cloud for $6.9m

To expand its e-logistics capability.

DeClout Limited has entered into an agreement to acquire 30% interest in vCargo Cloud Pte Ltd at S$6.9m, in a bid to expand into the e-logistics business domain.

vCargo Cloud is engaged in the business of providing e-trade services and cargo cloud solutions which enable a myriad of stakeholders in the trade, logistics and supply chain industry (such as shippers, freight forwarders and consignees) to converge and leverage on a unified and secured platform.

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