Logistics provider Xpressbees, on Monday announced its acquisition of transportation and delivery company TrackOn. With this acquisition, Xpressbees aims to target the small and medium enterprise sector through TrackOn’s franchisee network.
Xpressbees currently runs its delivery operations across over 21,000 pin codes in nearly 3,000 cities and towns in India.
Amitava Saha, Founder and CEO, Xpressbees, said in a statement, “I am very excited about the collaboration between two leading industry names. I firmly believe it will empower our respective businesses, enhance consumer experience, and build significant synergies across the two firms.”
P K Anand, Chairman and Managing Director, TrackOn, said in a statement, “By combining our experience with the capabilities of Xpressbees, we will be able to expand our service lines to our existing clients, while continuing to offer best-in-class services.”
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