German startup sennder acquires Uber's European freight business

📆 2020/09/16 17:25:00
📰 Reuters

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

German Stocks Show Strength in Europe’s Battered MarketGerman stocks have outpaced European rivals since the coronavirus-driven market selloff bottomed out in March, reflecting the advantages of strong balance sheets and exports to China.
Source: WSJ - 🏆 98. / 63 Read more »

Inside the life of an Uber driver in NYC during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »