Mahindra Logistics (MLL), a number one third-party logistics (3PL) resolution suppliers has introduced that it has accomplished acquisition of 100% fairness share capital of Meru.
The acquisition is a strategic transfer to consolidate and broaden MLL’s enterprise within the enterprise mobility house. Founded in 2006, Meru Cabs, a ridesharing firm was amongst the primary to supply AC cab-on-demand service. At current, Meru has a major presence within the airport trip hailing phase and supplies on-call and worker mobility providers to corporates in India.
The firm has additionally onboarded numerous electrical autos in its fleet. MLL says the addition of Meru underneath its model will additional strengthen its mobility enterprise particularly in
Enterprise Mobility Service (ETMS) enterprise, which operates underneath the ‘Alyte’ model the place it already has management place.
Rampraveen Swaminathan, MD and CEO, Mahindra Logistics stated, “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 and 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 and sustainability.”
Source: www.financialexpress.com”