Velox Shipping and Logistics Ltd — Important, 18-11-2025: Company Update

Velox Shipping and Logistics has announced an agreement to acquire a 98% stake in International Logistics Associates LLC (ILA) for USD 4,47,860. ILA, a USA-based logistics firm, reported a 2024 turnover of USD 4,225,927 and a profit of USD 120,369. This strategic cash acquisition aims to expand Velox's business operations and establish its presence in international markets, diversifying its global footprint.