Mahindra Logistics acquires MERU
The Hindu
Mahindra Logistics Ltd. (MLL) has announced the acquisition of 100% equity share capital of Meru Mobility Tech Private Ltd., V-Link Fleet Solutions Private Ltd., and V-Link Automotive Services Private
Mahindra Logistics Ltd. (MLL) has announced the acquisition of 100% equity share capital of Meru Mobility Tech Private Ltd., V-Link Fleet Solutions Private Ltd., and V-Link Automotive Services Private Ltd. from Meru Travel Solutions Private Ltd. (MTSPL) and 100% equity share capital of MTSPL from Mahindra & Mahindra Ltd. (M&M).
“The acquisition is a strategic move to consolidate and expand MLL’s business in the enterprise mobility space,” the company said in a filing.
Meru Cabs was founded in 2006. Today, it has a significant presence in the airport ride hailing segment and provides on-call and employee mobility services to corporates in India. Meru also has a large number of electric vehicles in their fleet.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.