Uber Freight Europe acquired by German freight forwarder
Berlin-based freight forwarder Sennder has acquired Uber’s European freight business.
The deal was an all-stock transaction with Uber acquiring a minority stake in Sennder as part of this deal. Its European freight business will continue operating under the Sennder brand.
Uber Freight’s European general manager Tom Christenson will join Sennder as chief operating officer while 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.
David Nothacker, chief executive and co-founder of Sennder, said: “We are immensely proud to have created the leading digital road freight forwarder in Europe, moving more than 50,000 loads every month across 31 countries. This acquisition strengthens our position as Europe’s number one digital logistics provider. We also look forward to working with Uber Freight to bring further value to both companies’ customers.”
This acquisition is Sennder’s second transaction this year, having merged with French counterpart Everoad in June, while in July it established joint venture with Italian logistics operator Poste Italiane.
Founded in 2015 Sennder has raised over €120 million (£109.9 million) from investors including Accel, Lakestar, HV Ventures, Project A and Scania. 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.
Lior Ron, head of Uber Freight, said: “We are proud of the incredible growth and success our Uber Freight team in Europe was able to achieve. 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.”