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German startup sennder acquires Uber's European freight business

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German freight startup sennder said on Wednesday it had acquired Uber's European freight business in an all-stock deal that will see the U.S. ride hailing company become a minority shareholder.

FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File PhotoEuropean freight business in an all-stock deal that will see the U.S. ride hailing company become a minority shareholder.

“This acquisition strengthens our position as Europe’s number one digital logistics provider,” said David Nothacker, CEO and co-founder of sennder. sennder is one of a number of logistics-focused startups in the bustling Berlin tech scene that has sought to modernise an industry dominated by family-owned trucking firms still used to working with a phone, pen and paper.

 

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