Mahindra Logistics acquires MERU

Mahindra Logistics Ltd. (MLL) has acquired MERU. This involves 100 per cent acquisition of equity share capital of Meru Mobility Tech Private Limited, V-Link Fleet Solutions Private Ltd and V-Link Automotive Services Private Ltd from Meru Travel Solutions Private Ltd (MTSL) including 100 per cent share capital of MTSL from Mahindra & Mahindra Limited (M&M). Aimed at consolidating and expanding MLL’s business in the enterprise mobility space, the acquisition is a strategic move expected to help the company address the needs of its B2C and enterprise customers. Commenting on the occasion, Rampraveen Swaminathan, Managing Director and Chief Executive Officer, MLL 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.”