German startup sennder acquires Uber’s European freight business

Wed Sep 16 2020
Nikki Bailey (1365 articles)
German startup sennder acquires Uber’s European freight business

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

The deal marks the second acquisition this year by Berlin-based sennder, a digital freight forwarder founded in 2015 that specialises in full-truck loads, handling 50,000 cargoes a month.

Nikki Bailey

Nikki Bailey

Nikki Bailey reports on US Stocks. She covers also economy and related aspects. She has been tracking US Stock markets for several years now. She is based in New York