Mahindra Logistics to acquire Rivigo’s B2B express business
~Acquisition will accelerate capabilities in B2BExpress Logistics~ Bangalore, 26 September 2022: Mahindra Logistics Ltd. (MLL) and Rivigo Services Private Limited (RSPL) 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, one of India’s leading integrated logistics companies, is focused…