Uber Freight is a logistics platform built on the power of Uber with the goal to reshape global logistics and deliver reliability, flexibility and transparency for shippers and carriers. Sennder acquires Uber Freight in Europe. We also look forward to working with Uber Freight to bring further value to both companies’ customers.”, 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. Sennder has been focused on expansion this year, having bought French rival Everoad in June and establishing a joint venture with Italian logistics company, Poste Italiane. This acquisition marks sennder’s further consolidation of the trucking market and extends the group's local presence to include Amsterdam. sennder is backed by Accel, Lakestar, HV Holtzbrinck, ProjectA, Next47, Scania Growth Capital and Perpetual. Through this agreement, Uber Freight will offer its customers substantially extended reach in Europe.Acceleration of growth. Through its proprietary technology sennder connects large enterprise companies with small trucking firms. This acquisition strengthens our position as Europe’s number one digital logistics provider. Berlin, September 16th, 2020 - sennder, Europe’s leading digital freight forwarder, announced today that it has acquired Uber’s European freight business in an all-stock transaction. You can accept this or reject it by clicking on the "Accept only essential cookies" button. This digital solution reduces inefficiencies in the shipping process: lowering costs for shippers, increasing revenues for carriers and reducing industry emissions. The deal strengthens sennder’s position as the largest digital freight forwarder in Europe and enhances its service capabilities across its key markets. Through their in-house developed technology, sennder primarily focuses on route optimization and reducing empty load kilometers and downtimes. Have a confidential tip for our reporters? The deal is set to expand sennder's presence in Amsterdam, where Uber Freight has a team. Fresh from securing the acquisition of Uber Freight Europe, we met with CEO David Nothacker to talk about the freight market in 2020 and beyond, sennder’s ambitions, carbon neutrality and driver welfare amongst others.. Key insights from this Trans.INFO exclusive: sennder plan to become the largest road-freight forwarder in the full truck load [FTL] segment 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 agreement includes a shipper referral program in which sennder will refer shippers seeking freight brokerage or similar services in North America to Uber Freight, and vice versa. Since launching in 2017, Uber Freight has built one of the world’s largest digitally-enabled carrier networks and transformed entrenched practices around pricing and booking freight to reduce inefficiencies and increase opportunities for business growth and industry collaboration. The two companies have joined forces to further revolutionize the … 2 2,339 4 minutes read. sennder acquires Uber’s European freight business Acquisition strengthens sennder’s position as Europe’s leading digital logistics business. German freight startup sennder said on Wednesday it had acquired Uber's European freight business in an all-stock deal that will see the U.S. ride hailing company become a minority shareholder. New commercial partnership to develop solutions for European and North American markets. Founded in 2015, Sennder has grown its headcount to 800 employees who work across seven European offices. Uber Freight’s European general manager, Tom Christenson, will be appointed Sennder's COO and Daniel Warner, currently head of shipper operations at Uber Freight, will support the Sennder team as senior vice president commercial. sennder, Europe’s leading digital freight forwarder, has acquired Uber’s European freight business in an all-stock transaction. sennder acquires Uber Freight. The Amsterdam-based Uber Freight team will join Sennder once the transaction has closed, and Sennder will establish a new office in Amsterdam. Uber will acquire a minority stake in sennder as part of this deal, and its European freight business will continue […] The deal marks the second acquisition this year by Berlin-based sennder, a digital freight forwarder founded in 2015 that specialises in full-truck loads, as it seeks to extend its lead in Europe. Uber Freight’s European General Manager, Tom Christenson, will join Sennder’s team as chief operating officer. The two companies have joined forces to further revolutionize the digital freight industry across Europe, the US and Canada. Uber Freight’s parent company, the ride-hailing pioneer Uber Technologies Inc., still holds a minority stake. Additionally, sennder joined forces with industry champions Scania and Siemens to assure innovation and state of the art offerings.For further information, please visit us on our website and LinkedIn. Binance Probed by CFTC Over Whether U.S. Berlin, September 16th, 2020 - sennder, Europe’s leading digital freight forwarder, announced today that it has acquired Uber’s European freight business in an all-stock transaction. (Photo: sennder) Uber ( NYSE: UBER) announced Wednesday morning that it had agreed to sell the European division of its Freight business to sennder, the Berlin-based digital freight brokerage. On a growth tear last year, the Berlin-based startup acquired Uber Freight’s European book of business in September, as well as Everoad, its French competitor. David Nothacker, CEO 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. Bernie Sanders Invites Jeff Bezos to Hearing on Income Inequ... Biden and Indo-Pacific Leaders Discussed Hacks, Chips Shorta... Google Slams Microsoft Over Support for Media Antitrust Bill, Swiss Police Raid Apartment of Verkada Hacker, Seize Devices, Grab in Advanced Talks to Merge With Altimeter’s First SPAC, Apple Could Hit $3 Trillion Market Valuation, Analysts Say, Microsoft Warns of New Threat Against Unpatched Networks, Hackers Rushed in as Microsoft Raced to Avert Cyber-Attack, Uber to take minority stake in Sennder as part of deal, Deal said to value unit at less than 900 million euros. Listen to the story (FreightComms AudioPost) sennder, Europe’s leading digital freight forwarder, announced today that it has acquired Uber’s European freight business in an all-stock transaction. sennder acquires Uber’s European freight business. September 17, 2020. Focused on modernizing the European freight market, an industry now valued at nearly €400bn, the company is very optimistic about its growth outlook for the foreseeable future. — With assistance by Aaron Kirchfeld, and Giles Turner, AT&T Sets Loftier Subscriber Goal of 150 Million for HBO Max, What to Know About Serious Covid Vaccine Reactions. Uber’s European freight team in Amsterdam will join Sennder once the deal has closed, and Sennder said it will establish a new office in the city. Further information can be found in our sennder buys Uber’s European freight business September 16, 2020 sennder acquires Uber in a new commercial partnership to jointly develop logistics solutions for European and North American markets. Uber Technologies Inc. has agreed to sell its European freight business in an all-stock transaction to Berlin-based logistics startup Sennder. The deal marks the second acquisition this year by Berlin-based sennder, a digital freight forwarder founded in 2015 that specialises in full-truck loads, as it seeks to extend its lead in Europe. Residents Traded, U.S. Stocks Turn Mixed, With Yields Hitting Tech: Markets Wrap, Quiet India Tycoon Beats Musk, Ambani to Add The Most Wealth, Bitcoin Intraday Trading Pattern Emerges as Institutions Pile in, Tencent Faces Broad China Clampdown on Fintech, Deals. Together, Everoad and Sennder have raised more than 120 million euros from investors including Lakestar and Accel. As you may know, we announced that Uber Freight B.V. has been acquired by sennder GmbH to form Europe’s largest digital freight provider. data privacy policy. Why are we merging Uber Freight and sennder? You can call up these settings and subsequently deselect cookies at any time. 10785 Berlin German startup sennder buys Uber's European freight business Sennder, founded in 2015, has rolled up the European freight tech sector, merging with France's Everoad and striking a joint venture with Poste Italiane this year. As part of this deal, sennder and Uber entered into a strategic collaboration agreement to provide enterprise shippers with a market-leading level of service, efficiency and advanced technologies for freight logistics services across the US, Canada and Europe. Uber Freight’s employees, who are currently based in Amsterdam, will join Sennder as soon as the deal is fully completed and the scale-up has announced plans to establish a new office there. It has set its sights on making 1 billion euros in revenue by 2024. German freight startup sennder said on Wednesday it had acquired Uber's European freight business in an all-stock deal that will see the U.S. ride hailing company become a minority shareholder. Genthiner Straße 34 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. By merging, we can provide our carriers with loads that are better suited and a wider customer base and, similarly, we can provide a better supply to our shippers. 16 September 2020; Transport / Logistics Services; European digital freight forwarder sennder has acquired Uber Freight, Uber’s European freight business, in an all-stock deal. We use cookies on our website. Uber will acquire a minority stake in Sennder as part of the transaction, the companies said in a statement Wednesday. Uber Technologies Inc. has agreed to sell its European freight business in an all-stock transaction to Berlin-based logistics startup Sennder. By Thomas Cullen. Both companies have got together to revolutionise the digital freight forwarding industry across the EU, US and Canada. 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.”. Sennder has been focused on expansion this year, having bought French rival Everoad in June and establishing a joint venture with Italian logistics company, Poste Italiane. The two companies have joined forces to further revolutionize the digital freight industry across Europe, the US and Canada. European operations of both companies consolidated and continued under the sennder brand. Europe’s digital freight forwarder, sennder has acquired Uber’s European freight business in … Uber’s European freight team in Amsterdam will join Sennder once the deal has closed, and Sennder said it will establish a new office in the city. Today, the business counts nearly 60,000 carriers in its network and thousands of shippers as customers, from small businesses to Fortune 500 companies, including AB Inbev, Nestle, LG, Land O’Lakes and many more. Before it's here, it's on the Bloomberg Terminal. The deal values the unit at less that 900 million euros ($1.1 billion), a person familiar with the situation said, asking not the be identified as the details are private. The deal marks the second acquisition this year by Berlin-based sennder, a digital freight forwarder founded in 2015 that specialises in full-truck loads, as it seeks to extend its lead in Europe. As a data-based company, sennder contributes to a fit for the future logistics industry and ensures transparency and efficiency within the procurement and distribution of cargo.sennder manages over 10,000 trucks across Europe with a 500-people strong team. In June, sennder acquired Everoad, its French rival, reaching six locations and 350 employees. GmbH, sennder acquires Uber’s European freight business. Uber will acquire a minority stake in sennder as part of this deal, and 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 and Daniel Warner, currently Head of Shipper Operations, will join as Senior Vice President Commercial. Uber will continue to grow and invest in its Uber Freight business across the US and Canada, while Uber Freight will collaborate with sennder as leading digital logistics providers in North America and Europe. Sennder has said it aims to reach revenues of 1 billion euros by 2024. The changes in logistics driven by digital technology have had the highest profile in areas such as warehousing, where automation but also scheduling, driven by real time data flow has resulted in … 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's European freight business will continue operating under the sennder brand, sennder said. Since its foundation in 2015, Berlin-based sennder has raised over €120m from leading investors including Accel, Lakestar, HV Ventures, Project A and Scania and demonstrated its ability to grow quickly and effectively. The Amsterdam based Uber Freight team will join sennder once the transaction has closed, and sennder will establish a new office in Amsterdam. He heads up Sennder, a digital freight forwarder that connects different parts of the logistics process, from shippers to carriers, and the startup has been greatly expanding its reach this year. The partnership includes a program in which Sennder will refer customers seeking services in North America to Uber Freight and vice versa. Some of them are essential, while others help us to improve our services and your online experience. Germany Other offices. sennder was founded in 2015 by David Nothacker, Nicolaus Schefenacker and Julius Köhler and is now the leading digital European freight forwarder that connects commercial shippers with small trucking companies. “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. A German startup has bought a chunk of Uber | Sifted Berlin-based startup sennder has acquired Uber's freight business in Europe, extending the freight forwarder's dominance in … Following the closing of the transaction, sennder will have offices in 7 countries, with a team of over 500 people moving 50,000 loads across Europe a month. The Uber Freight team, which is headquartered in Amsterdam, will transfer to Sennder once the transaction has closed. Uber Technologies Inc. has agreed to sell its European freight business in an all-stock transaction to Berlin-based logistics startup Sennder.. The deal values the unit at less that 900 million euros ($1.1 billion), a person familiar with the situation said, asking not the be identified as the details are private. All rights reserved © 2021 sennder Berlin, September 16th, 2020 – sennder, Europe’s leading digital freight forwarder, announced today that it has acquired Uber’s European freight business in an all-stock transaction.The two companies have joined forces to further revolutionize the digital freight industry across Europe, the US and Canada. 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. sennder GmbH
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