New Delhi: Macrotech Developers Ltd, known for its Lodha brand, has acquired full ownership of Opexefi Services and One Box Warehouse for approximately Rs 100 crore to expand its industrial and warehousing parks development business. The company signed Share Purchase Agreements (SPAs) to make Opexefi Services Pvt Ltd (Opexefi) and One Box Warehouse Pvt Ltd (One Box) fully-owned subsidiaries, according to a regulatory filing on Wednesday.
The acquisitions are part of Macrotech's strategy for controlled expansion in digital infrastructure, specifically in the industrial and logistics sectors. Opexefi, established in December 2018, and One Box, founded in October 2023, both specialize in creating logistics parks and warehouses but have not conducted business operations in recent years.
Macrotech Developers acquired Opexefi for Rs 46.67 crore and One Box for Rs 49.09 crore. The company aims to expand across India in the digital infrastructure sector, covering logistics, light industrial parks, and in-city fulfillment centers. In May 2022, Macrotech Developers partnered with Bain Capital and Ivanhoé Cambridge to invest approximately USD 1 billion in developing digital infrastructure in India.
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