The move will further enhance the Mahindra Logistics (MLL’s) position in airport ride-hailing and on-demand services.
Mahindra Logistics (MLL) is a leading third-party logistics (3PL) solutions provider has recently made an announcement that the company has completed the acquisition of 100 per cent equity share capital of Meru cab. It is said that the acquisition is a strategic move to consolidate and expand MLL’s business in the enterprise mobility space. Talking about Meru cab, it is a Ridesharing company who was the first to offer AC cabs-on-demand device and it was established in 2006.
It is said that the acquisition is a strategic move to consolidate and expand MLL’s business in the enterprise mobility space.
Presently, Meru is playing a has an important role in the airport ride hailing segment and provides on-call and employee mobility services to corporates all over the India. The company has also included a large number of electric vehicles in its fleet.
On the other hand, MLL says the addition of Meru under its brand will strengthen its mobility business, especially in its Enterprise Mobility Services (eTMS) business, which operates under the Alyte’ brand, which already has a leadership position. Meanwhile, MD and CEO of Mahindra Logistics, Rampraveen Swaminathan, said that, “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.”
The company has also included a large number of electric vehicles in its fleet.