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Uber to buy Autocab in UK

Uber has today announced that it’s entered into an agreement to accumulate UK technology company Autocab.

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.

Through Autocab’s iGo marketplace, Uber will now hope to attach customers in places the corporate doesn’t operate, giving local operators the selection to require their booking. In turn, Uber hopes that operators might be ready to expand their operations and offer more earnings opportunities to local drivers. Uber also will explore providing drivers with additional revenue opportunities associated with its platform for other services, like delivery.

The companies involved within the acquisition haven’t released details of the the worth of the deal.

Autocab’s mission has always been to encourage local private hire and taxi operators to rework their businesses, and therefore the ir CEO believes Uber’s technology can help accelerate Autocab’s global ambition and the growth of their customers’ businesses.

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

Safa Alkatab, CEO of Autocab, said: “Autocab has been working with local operators across the planet to supply the technology to form them more efficient and open up a marketplace to supply more trips. Working with Uber we will proportion our ambitions, providing many thousands of additional trips for our customers, and help cement the place of licenced operators in their area people .”

Jamie Heywood, Regional head , Northern & Eastern Europe, Uber, said:

“Autocab has worked successfully with taxi and personal hire operators round the world for quite thirty years and Uber features a lot to find out from their experience. we glance forward to working with the Autocab team to assist local operators grow and supply drivers with genuine earnings opportunities.”