logo
Plus   Neg
Share
Email

Uber To Buy UK Technology Company Autocab

Uber said that it agreed to buy UK technology company Autocab. The terms of the deal were not disclosed.

Autocab provides private hire and taxi operators with technology to run their business, including booking and dispatch software, and also connects them with trips through their iGo marketplace.

By accessing Autocab's iGo, Uber will be able to start connecting taxi drivers with customers in regions of the country where it currently lacks service.

Jamie Heywood, Regional General Manager, Northern & Eastern Europe,UBER, said, "Autocab has worked successfully with taxi and private hire operators around the world for more than thirty years and Uber has a lot to learn from their experience."

Heywood said the company looks forward to working with the Autocab team to help local operators grow and provide drivers with genuine earnings opportunities.

Post-acquisition, Autocab will remain independent with its own board focussed exclusively on providing technology to the taxi and private hire industry around the world.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
Follow RTT