Uber / BlacklaneMN-20018

Parties

Summary

Uber Technologies, Inc. will acquire 100% of Blacklane GmbH's issued share capital via a share purchase. This transaction sees the US-based ride-hailing and food delivery platform acquire the German-headquartered global luxury chauffeur platform, offering premium, pre-booked 'white glove' services to corporate executives and high net-worth individuals in Australia and globally.

Acquisition details

Uber Technologies, Inc (Uber) proposes to acquire 100% of the issued share capital in Blacklane GmbH (Blacklane) by way of a share purchase and transfer agreement (the Acquisition). Following completion, Blacklane will become a wholly owned indirect subsidiary of Uber. Uber is a US-based ride-hailing and food delivery platform founded in 2009 that operates in over 70 countries, including Australia, where it launched in 2012. Uber offers a range of products on its ride-hailing platform with different levels of service that operate largely on an on-demand model. These products include its core products, Uber X, Uber X Share, Uber XL and Uber Comfort, as well as its premium product Uber Black, which offers higher-end vehicles along with higher-rated and more experienced drivers. Blacklane is a German-headquartered global luxury chauffeur platform, founded in 2011 and which operates in over 50 countries. The majority of its services are provided in the United States, United Kingdom and Middle East. Blacklane’s platform connects customers with licensed local chauffeurs offering a high level of service, described as “white glove”. In Australia, Blacklane’s services are generally booked at least an hour in advance via Blacklane’s platform, accessed using an app or the web. Blacklane’s services are aimed at senior corporate executives and high net-worth individuals. Blacklane does not own or operate a fleet of vehicles, and instead operates through non-exclusive contracts with local service providers who manage their fleet and drivers and facilitate the journey.