TOKYO, Apr 23 (Pulse News Wire) – K.r.s.corporation (9369.T) decided today to acquire Coldrush Logistics Private Limited, based in Mumbai, India, through a share purchase and third-party allotment. The move aims to enhance its cold chain logistics services in the rapidly growing Indian market.
Coldrush, founded in October 2012, provides temperature-controlled storage and transportation services to local food manufacturers, restaurants, and foreign companies requiring strict quality management. With Coldrush's strong operational base, K.r.s.corporation plans to accelerate the development of its cold chain network in India, contributing to the country’s rich culinary landscape. Under the acquisition, K.r.s.corporation will hold a stake of 51.6% in Coldrush while maintaining stable operations and integrating its own temperature management technology.
The transaction is expected to close on August 10, 2026, with the agreement signed on May 11, 2026. Coldrush had capital of ¥200 million rupees (approximately ¥3.4 million) and reported revenues of ¥1.655 billion rupees in fiscal year 2025. The acquisition will have a minor impact on K.r.s.corporation's consolidated performance for the fiscal year ending November 2026.
Any significant developments will be promptly disclosed.
🟢 Confidence: High AI-translated content.