Uber has sold its European freight business to a German company.
Berlin-headquartered sennder will take over the European operations of Uber Freight, an app which pairs available carriers with shippers.
sennder’s existing solution connects large enterprise companies with small trucking firms. This year has seen the company merge with its French counterpart Everoad in June and establish a joint venture with Poste Italiane.
The all-stock transaction will see Uber taking a minority stake in sennder and focusing on its business in North America. The two companies will refer customers in their respective geographies.
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.”
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.
“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.”