Mahindra acquires MERU to expand into enterprise mobility
Mahindra Logistics Ltd. (MLL), one of India's largest third-party logistics providers, has announced its acquisition of Meru, a strategic move to consolidate and expand MLL's business in the enterprise mobility space.
Meru Cabs, a ridesharing company founded in 2006, 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 its fleet.
MLL is already a leader in Enterprise Mobility Service (ETMS), which operates under the 'Alyte' brand. With this acquisition, MLL will enhance its range of mobility solutions with strategic focus on enterprise customers and electric mobility.