KKR has signed an agreement to acquire a majority stake in LEAP India, a pallet-pooling platform in India, on behalf of its Asia infrastructure strategy.
LEAP provides a wide range of innovative and high-quality supply-chain solutions, including equipment pooling, returnable packaging, inventory management and movement, transportation, and repair and maintenance, to a diversified and large customer base across ecommerce, consumer durables, beverages, fast-moving consumer goods and automotive. The company currently operates a network of 21 warehouses and more than 3,500 customer locations, and it manages more than 6 million total assets across India for its customers.
KKR said the investment builds on strong macroeconomic tailwinds in India, which include a focus on modernizing, automating and optimizing efficiencies in supply chains and logistics services. Sustainable logistics also is expected to play a critical role in driving India’s rapid economic growth in the n