Mahindra Logistics To Acquire Rivigo’s B2B Express Business

Mahindra Logistics (MLL) and Rivigo Services (RSPL) have announced that they have reached agreement for purchase of RSPL’s B2B express business by MLL. Under the terms of the agreement, MLL will acquire the express business through a Business Transfer Agreement (BTA), including the customers, team and assets of RPSL’s B2B express business, RSPL’s technology platform and the Rivigo brand. RSPL will continue to own its truck fleet & the rights to the full truck load (FTL) operations.

MLL is focused on providing customers supply chain solutions, integrating its 3PL, FTL transportation, warehousing, cross-border logistics, last mile and B2B express logistics services. The acquisition will augment MLL’s existing B2B express business leveraging Rivigo’s strong network, technology and process capabilities.

Gurgaon-based Rivigo operates a pan India B2B express network, and has a robust client base and a full-service technology suite. Rivigo’s B2B express network currently covers over 19,000 pin-codes across the nation. Their 250+ processing centres and branches, spanning an area more than 1.5 million sq. ft. will add significant strength to MLL’s express business capability.