Uber Technologies Inc.
Uber to Acquire Getir's Delivery Business in Turkey
Summary
Uber Technologies, Inc. has entered into an agreement to acquire Getir Perakende Lojistik A.Ş.’s delivery portfolio in Turkey for $335 million in cash. The transaction includes acquiring 100% of Getir's food delivery business immediately, with the remaining grocery, retail, and water delivery businesses to be acquired in the next few years, pending certain conditions. Uber will also invest $100 million to acquire a 15% stake in Getir's grocery, retail, and water delivery business. The acquisition is subject to regulatory approval and other closing conditions, with the food delivery business expected to close in the second half of 2026.
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About Uber Technologies Inc.
Uber Technologies Inc. is a global ride-hailing and mobility platform offering consumption-based transport services to millions of users worldwide. Established in 2009, the company revolutionized urban transportation with its innovative app that connects riders with nearby drivers seamlessly, facilitating quicker, cashless, and more flexible journeys. Beyond ride-hailing, Uber Technologies Inc. has expanded its operations to include food delivery through Uber Eats, freight services connecting carriers and shippers, and self-driving car technology aimed at shaping the future of autonomous transport. Uber operates across multiple sectors, impacting automotive, logistics, food service, and technology realms, driving significant digital transformation and adoption in these industries. As a key player in the gig economy, Uber leverages a vast network of independent contractors and a resilient digital platform to maintain and grow its presence in diverse markets, emphasizing user convenience and technological integration in urban mobility solutions. Uber Technologies Inc.'s pivotal role in shared and autonomous transportation underscores its importance in modern market ecosystems, continuously innovating and influencing how we think about getting from point A to point B.
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