1.2 C
Hamburg
Thursday, January 28, 2021
Home News sennder buys Uber's European freight business

sennder buys Uber’s European freight business

Europe’s digital freight forwarder, sennder has acquired Uber’s European freight business in an all-stock transaction.

The two companies have joined forces to further revolutionise the digital freight industry across Europe, the US and Canada, said the companies.

As part of the deal, Uber will acquire a minority stake in sennder and its European freight business will continue operating under the sennder brand.

This acquisition marks sennder’s further consolidation of the trucking market and extends the group's local presence to include Amsterdam.

It is sennder’s second transaction this year, having merged with French counterpart Everoad in June, and following a recently established joint venture with Poste Italiane, Italy’s largest logistics operator.

Uber Freight’s European general manager, Tom Christenson will join sennder as chief operating officer and Daniel Warner, currently head of shipper operations, will join as senior vice president commercial. The Amsterdam based Uber Freight team will join sennder once the transaction has closed, and sennder will establish a new office in Amsterdam.

As part of this deal, sennder and Uber entered into a strategic collaboration agreement to provide enterprise shippers with a high level of service, efficiency and advanced technologies for freight logistics services across the US, Canada and Europe.

"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," said Lior Ron, head of Uber Freight.

The agreement includes a shipper referral programme in which sennder will refer shippers seeking freight brokerage or similar services in North America to Uber Freight, and vice versa.

Since its foundation in 2015, Berlin-based sennder has raised over US$140 million from leading investors including Accel, Lakestar, HV Ventures, Project A and Scania, demonstrating its ability to grow quickly and effectively. Following the closing of the transaction, sennder will have offices in seven countries, with a team of over 500 people moving 50,000 loads across Europe a month.

"We have created the leading digital road freight forwarder in Europe, moving more than 50,000 loads every month across 31 countries," commented David Nothacker, CEO and co-founder of sennder.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Bunker prices remain steady says MABUX

The World Bunker Index Marine Bunker Exchange (MABUX) was steady over the past week with no real firm trends noted. In particular, the 380 HSFO...

CMA CGM to run new Egyptian terminal

CMA CGM will take over the operation and management of the upcoming multipurpose terminal, Pier 55, at the Port of Alexandria, which is expected...

Evergreen eyes another round of container orders

Evergreen Marine Corporation has announced plans, through its subsidiaries to order more than 52,000 containers, spending at least US$45.41 million, after already placing some...

Hapag-Lloyd sets new prices from Asia to North Europe and Med

Hapag-Lloyd has announced new prices from the Indian Subcontinent, Middle East and Pakistan to North Europe and the Mediterranean, effective from the next month. In...

Gothenburg’s shoreside power project to cut emissions

The shoreside power system at the Port of Gothenburg is currently undergoing tests at yet another quay, which means that even more ships will...