Mahindra Logistics Ltd. (MLL) and Rivigo Services Private Limited (RSPL) announced that they had reached an agreement for the 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 and the rights to the full truck load (FTL) operations.

MLL, one of India’s leading integrated logistics companies, 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 by leveraging Rivigo’s strong network, technology, and process capabilities.

Gurgaon-based Rivigo operates a pan-India B2B express network, 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 of more than 1.5 million sq. ft., will add significant strength to MLL’s express business capability.