Mahindra Logistics acquires Meru Cabs
India Today
The acquisition is a strategic move to consolidate and expand Mahindra Logistics Ltd's business in the enterprise mobility space.
Mahindra Logistics Ltd (MLL) announced its acquisition of Meru, taking over a 100 per cent equity share capital of Meru Mobility Tech Private Limited, V-Link Fleet Solutions Private Limited and V-Link Automotive Services Private Limited from Meru Travel Solutions Private Limited (MTSPL) and a 100 per cent equity share capital of MTSPL from Mahindra & Mahindra Limited (M&M). The acquisition is a strategic move to consolidate and expand MLL’s business in the enterprise mobility space.
Rampraveen Swaminathan, MD & CEO, Mahindra Logistics Ltd. said, “The acquisition complements our mobility services portfolio with an expansion in airport ride-hailing and on-call services. We anticipate significant synergies by leveraging the combined capabilities in supply, technology management and electric mobility. The combined capabilities of Meru & Alyte will enable us to better serve our B2C and enterprise customers with an expanded portfolio of services delivering on a promise of safety, customer excellence & sustainability.”
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