Amazon has made a bid to acquire the logistics giant Moulton Logistics, the third largest logistics company in the country.
The deal is valued at $4.8 billion and is expected to close by end-2017, according to a report by Reuters.
Moulton is one of India’s biggest logistics companies, having built out its logistics footprint in all sectors, including food, water and electricity.
It also owns the largest logistics network in the world, with about 3.5 million trucks per day.
Amazon has been investing heavily in India in recent years, investing in logistics companies like Wipro, Tata and Reliance Jio and acquiring a fleet of large trucks.
Mullin and other top Amazon executives have been spending time in India over the last few years.
Mousab Alam, Moulman’s chief executive, visited India for a trip to Mumbai, and he also met Prime Minister Narendra Modi.
Moulson’s founder and CEO, Harinder Bajaj, visited Delhi recently and visited Mumbai.
In the company’s annual report, Moggs said, “We are delighted to announce that the Amazon team has joined the Moulmans’ team for our new India business, which will be a great addition to our growing network of suppliers and partners.”
Moulson was acquired by Amazon in 2012 for $5.5 billion.
Mogg, the chairman of the board, is an Amazon board member and also owns a stake in Moultons largest holding company, Maddy.
Maggins name is a nod to the company name, which is derived from the Middle English word moul, meaning to be tired, to suffer.
It was a play on words with Mogg’s real name, Munir, the name of a legendary Hindu king.
Mogg’s parent company, Sirena, is India’s largest logistics logistics company.