Uber Technologies subsidiary Uber Freight and Transplace agreed to acquire Transplace from TPG Capital for approximately $2.25 billion. The combination of Uber Freight and Transplace will optimize the movement of freight across the entire marketplace and deliver best-in-class services to shippers, while also unlocking opportunities for carriers.
- Uber Freights acquisition of Transplace will create one of the leading logistics technology platforms, with one of the largest and most comprehensive managed transportation and logistics networks in the world.
- Uber Freights vast network of digitally-enabled carriers, combined with Transplaces trusted shipper technology and operational solutions.
The major deals and partnership by Uber Technologies are mentioned below:
Feb 2021: To expand e-commerce business Uber Technologies, Inc. announced to acquire Drizly for approximately $1.1 billion. Drizly is the leading on-demand alcohol marketplace in the United States. After the completion of the deal, Drizly will become a wholly owned subsidiary of Uber.
July 2020: Uber announced the acquisition of Routematch, an industry-leading software solution provider. Routematch at present serving approximately 500 transit agency partners in urban, suburban, and rural communities across the world.
July 2020: Uber Technologies, announced that it agreed to acquire Postmates for approximately $2.65 billion. The deal helps to combine Ubers global Rides and Eats platform with Postmates distinctive delivery business across the U.S.A.
May 2020: The leading money transfer firm MoneyGram International, announced its partnership with Uber Technologies to provide drivers and delivery couriers a discount on digital money transfers sent to family and friends in more than 200 countries. The agreement helps drivers with affordable access to our global platform during this challenging season brought about by the COVID-19 pandemic.
January 2020: Zomato, one of the largest food apps in India, announced that it has acquired Ubers food delivery business in India in an all-stock transaction, which gives Uber 9.99% ownership in Zomato.
January 2020: Uber announced the acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has become a wholly-owned subsidiary of Uber, preserving its brand. Careem and Uber will operate their respective regional services and independent brands.
October 2019: Uber Technologies, Inc. announced an agreement to acquire majority ownership of Cornershop, a leading online grocery provider in Chile, Mexico, and more recently in Peru and Toronto.
About Uber Technologies
Uber Technologies, headquartered in San Francisco, California, United States, is a global ride-hailing company. The company was founded in 2010 to provide local mobility solution at the touch of a button. The company offers peer-to-peer ridesharing, ride service hailing, food delivery, and a micro mobility system with electric bikes and scooters.