Allcargo Subsidiary Acquires Stake in ECUnordicon AB for SEK 17.6 Million
Ecu Global N.V., the wholly owned subsidiary of Allcargo Global Limited, has acquired a stake in ECUnordicon AB, which is formerly known as ECU Worldwide (Nordicon) AB. The transaction was completed on July 28, 2026, with Ecu Global N.V. acquiring shares for a consideration of SEK 17,600,000.The acquisition concerns the target entity ECUnordicon AB, which operates in the Multimodal Transportation and Warehousing industry. According to details provided by Allcargo Global Limited, pursuant to a put option within a shareholders agreement entered into by ECU Global NV on July 29, 2021, Ecu Global N.V. agreed to purchase 76,924 shares, representing 10% of the shares in ECUnordicon AB. The acquisition was completed with cash consideration.
While a record indicates that Ecunordicon AB's size and turnover stood at 462,555,733 SEK for January to December 2025, the target entity has been involved in Multimodal Transportation & Warehousing since its incorporation on July 7, 2021.
The operational background of ECUnordicon AB includes recent revenue figures across three years:
| Year | Net Revenue (SEK) |
|---|---|
| Jan-Dec'25 | 462,555,733 |
| Jan-Dec'24 | 541,851,764 |
| Jan-Dec'23 | 392,621,695 |
ECUnordicon AB is incorporated in Sweden. Although the acquisition was conducted through a contractual agreement and involved a cash transaction of SEK 17,600,000, one document states that Ecu Global N.V. now holds a 100% stake in Ecunordicon AB.
The company confirmed that no governmental or regulatory approvals were required for this acquisition, and the promoters are not interested in the transaction.
AGL Stock Price Movement
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