Aegis Logistics Ltd signed a definitive agreement to acquire an 89.8% stake in Dubai-based Tristar Holdings Ltd for $809 million (approximately ₹7,700 crore). Through this acquisition, the company aims to expand its international presence and strengthen its position in the global energy logistics sector.
Acquisition to Expand Global Operations
Aegis Logistics will complete the acquisition through Aegis Logistics International Pte Ltd, its wholly owned step-down subsidiary. According to the company’s regulatory filing, the consideration includes contingent payments and interest on deferred consideration. Furthermore, the acquisition marks a significant step in Aegis Logistics’ strategy to diversify its operations beyond India and establish an international energy logistics platform.
Tristar’s Integrated Logistics Network
Established in 1998, Tristar Holdings provides integrated liquid logistics solutions across more than 30 countries. Its services include maritime logistics, road transportation, fuel storage and distribution, and aviation fuelling. With its established international network and diverse service portfolio, Tristar offers Aegis Logistics an opportunity to strengthen its global operations and expand its presence across key energy markets.
Tristar Reports Strong Financial Performance
For the calendar year ended December 2025, Tristar reported consolidated revenue of $1.4 billion, EBITDA of $257 million and net profit of $82 million. As reported by thehindubusinessline.com, and according to Aegis Logistics, the acquisition is expected to contribute to the company’s profitability immediately. In addition, the transaction is expected to create opportunities for business diversification, geographic expansion and long-term growth in the international energy logistics market.
