Uber acquires British tech startup Autocab for undisclosed amount

On Thursday, in a statement Uber said it was in the process of acquiring Autocab, British tech company which sells booking and dispatch software to private hire firms. The deal has synergies stemming from the fact that it will allow Uber to reach customers where it currently does not operate.

“The acquisition will allow it to link people who open their Uber app in locations where it does not run, with other providers, starting in Britain but with other countries also in mind,” said Uber.

Both companies did not disclose the value of the deal or how this agreement would be monetized for Uber.

“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,” said Uber’s Northern and Eastern European boss Jamie Heywood.

In a statement, Uber said it will also look into ways to boost revenues linked to its platform including for delivery services.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

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