- 16 September 2020
- Transport / Logistics Services
European digital freight forwarder sennder has acquired Uber Freight, Uber’s European freight business, in an all-stock deal.
Both companies have got together to revolutionise the digital freight forwarding industry across the EU, US and Canada. In return for the acquisition, Uber is to take a minority stake in the sennder business. The brand itself is to remain.
sennder is undergoing a period of rapid expansion. Earlier this year it merged with French counterpart Everoad in June, and has a Joint Venture with Poste Italiane.
Under this deal, Uber and sennder are to provide enterprise shippers with a market-leading level of service, efficiency and advanced technologies for freight logistics services across the US, Canada and Europe. There is also a referral deal between the two companies.
David Nothacker, CEO and Co-Founder of sennder, said: “We are immensely proud to have created the leading digital road freight forwarder in Europe, moving more than 50,000 loads every month across 31 countries. This acquisition strengthens our position as Europe’s number one digital logistics provider. We also look forward to working with Uber Freight to bring further value to both companies’ customers.”
Lior Ron, Head of Uber Freight, said: “We are proud of the incredible growth and success our Uber Freight team in Europe was able to achieve. This collaboration with sennder allows us to further extend our reach in Europe while doubling down on our Uber Freight business in North America, and to jointly push the digital freight industry forward.”