On Monday, Mahindra Logistics announced the acquisition of the B2B express business of Gurugram logistics company Rivigo Services, which will help the company accelerate its capabilities in the field.

Mahindra Logistics Ltd (MLL) will acquire the express business through a business transfer agreement (BTA), including the customers, teams and assets of the Rivigo B2B express business and its technology platform, Mahindra Logistics said in a statement.

Rivigo will continue to own the rights to its fleet of trucks and full truckload (FTL) operations. Rivigo operates a pan-India B2B express network with a strong customer base and a full-service technology suite. Its express network covers more than 19,000 PINs across the country through more than 250 processing centres and branches, spanning more than 1.5 million square feet.

“This will significantly enhance Mahindra Logistics’ express capabilities,” said Rampraveen Swaminathan, MD and CEO of Mahindra Logistics, as B2B express logistics continues to gain momentum as customers deepen their delivery networks, strengthen digital adoption and invest in agile supply chains.

Mahindra Logistics provides supply chain solutions that integrate third-party logistics, vehicle, warehousing, cross-border logistics, last mile and B2B express logistics services.

Deepak Garg, CEO of Rivigo Services Pvt Ltd, said that Rivigo is based on a relay-laden business, adding: “Over the years, we have built the backbone of the PTL/Express service brand through our pan-India network, technology and services.”