Deloitte supports DP Logistics in Rs. 1.3 b acquisition of Logicare

Wednesday, 7 January 2026 06:10 - - {{hitsCtrl.values.hits}}

Deloitte Sri Lanka had advised DP Logistics Ltd., the logistics cluster of the David Pieris Group of Companies, on its strategic acquisition of Logicare Ltd., from Ceylon Tea Brokers PLC.

According to disclosures made to the Colombo Stock Exchange, the transaction, valued at Rs. 1.3 billion was made up of an Rs. 635.3 million direct purchase consideration (and balance in assuming existing debt), that was formalised through a Share Sale and Purchase Agreement signed on 30 October 2025.

Logicare, established as a fully owned subsidiary of Ceylon Tea Brokers PLC in 2017, has been a notable player in providing integrated logistics and warehousing solutions. Deloitte’s Strategy, Risk and Transactions team supported DP Logistics through the buy-side process by performing a full scope Financial Due Diligence and a full scope Tax Due Diligence.

Led by Deloitte Sri Lanka and Maldives Partner – Strategy Risk and Transactions Ravidu Gunasekera, and Deloitte Sri Lanka Partner – Tax Damith Gayan Wakishta, the due diligence enabled DP Logistics to assess key financial and tax considerations associated with the acquisition.

Deloitte was pleased to have supported DP Logistics on this significant transaction. The firm’s objective was to bring clarity and insights through a robust due diligence process, enabling the client to make informed decisions as it continues to strengthen its position in the logistics and supply chain sector.

Deloitte remains committed to supporting clients across Sri Lanka as they navigate complex transactions and pursue opportunities for growth.