Delhivery acquires Ecom Express for Rs.1,407-Cr

Publicly-listed logistics company Delhivery has acquired fellow Gurugram-based logistics firm Ecom Express for INR 1,407 crore in cash.Incorporated in 2012, Ecom Express is an end-to-end logistics solutions provider to the retail and e-commerce industry, providing first-mile pickup, processing, network operation, last mile delivery, reverse logistics and returns management services.Shardul Amarchand Mangaldas & Co. acted as the legal advisor and Ernst & Young as the financial and tax diligence advisor to Delhivery on this transaction.Ecom Express operates over 3420 delivery centres across India, with over 15,600 employees.