The company notes that overall revenue retention from the acquisition is currently trending ahead of plan
Delhivery, a third-party logistics (3PL) major, has completed the acquisition of the 99.87 per cent stake in Ecom Express, an end-to-end technology-enabled logistics solutions provider. The acquisition closed on 18 July, the company confirmed in a letter to shareholders.
Financials are being consolidated from the date of the closing of the acquisition, the company added. Therefore, Q1 FY26 financial statements do not reflect any impact of the integration. Integration costs would comprise costs at Ecom Express that would need to be incurred temporarily as it rationalises the network footprint and overhead costs.
“We expect that almost all of these costs would be concentrated in a six-month period from the date of completion of the acquisition. Our overall revenue retention from the acquisition is currently trending ahead of plan,” Delhivery highlighted in a regulatory filing.
The company noted that it remains confident that integration costs will not exceed the Rs 300 crore estimate provided at the time of the initial announcement of the acquisition. The acquisition of Ecom Express was formally approved by the Competition Commission of India (CCI) in June.
In an exchange filing dated 23 July, the company has indicated that it has completed the acquisition of the balance shares as well, representing 21.12 per cent of the issued and paid-up share capital of Ecom, on a fully diluted basis. As a result, it took its total shareholding to 99.87 per cent of the issued and paid-up share capital of the company on a fully diluted basis.
