Allcargo Logistics on Friday said it has acquired a 65 percent stake in Nordicon Group, a market leader in LCL (less-than-container-load) and rail consolidation segment in the Nordics region, for an undisclosed amount. Our subsidiary ECU Worldwide has signed a definitive joint venture agreement with the Nordicon Group of Sweden. While we will hold a 65 percent stake in the company, the present owners of Nordicon will continue to own the balance 35 percent, Allcargo said in a statement. With this strategic deal, ECU Worldwide will now control nearly 40 percent of the LCL market in the Nordic region, it added.