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.
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