CCI approves FedEx India’s minority acquisition in Delhivery

The Competition Commission of India (CCI) on Tuesday approved FedEx India’s acquisition of a minority stake in Delhivery.

It has also given nod to the acquisition of certain operating assets of FedEx India and TNT India by Delhivery.

The proposed combination relates to the i) acquisition of minority stake in Delhivery by FedEx India and, ii) acquisition of operating assets of FedEx India and TNT by Delhivery. Apart from the above, the parties also propose to enter into certain interconnected and ancillary transactions.

FedEx India offers end-to-end logistics solutions in India under the FedEx brand, including express parcel deliveries, full and less-than truck load freight services, and warehousing and supply chain management/third party logistics services.

Delhivery is engaged in the provision of logistics services in India. As part of its logistics services, Delhivery provides transportation, warehousing, freight services and supply chain management/third party logistics services to various customers.

Delhivery’s logistics services are provided to enterprises and persons who operate across different business models and are present across the value chain.

TNT India is part of the FedEx group and also provides logistics services inter alia in the form of express parcel deliveries, special services, and freight services.