Mahindra Logistics has announced that it would be acquiring Rivigo Services’ (RSPL) B2B express business.

The acquisition will see Mahindra Logistics take over 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.   

The acquisition will augment Mahindra Logistics’ 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 augmented by a full-service technology suite. Rivigo’s B2B express network currently covers over 19,000 pincodes across the nation. 

In a statement, Rampraveen Swaminathan, MD & CEO, Mahindra Logistics Limited said, “B2B Express Logistics continues to see strong tailwinds as customers focus on deepening delivery networks, enhance digital adoption and invest in agile supply chains. This acquisition will enhance and strengthen our offerings and reach for our customers in the B2B express and PTL space.”.   

Rivigo’s 250 processing centres and branches, spanning an area more than 1.5 million sq. ft. will add significant strength to Mahindra Logistics’ express business capability.