M&A Deal Summary

Swvl Acquires Shotl

On August 19, 2021, Swvl acquired software company Shotl

Acquisition Highlights
  • This is Swvl’s 1st transaction in the Software sector.
  • This is Swvl’s 1st transaction in Spain.

M&A Deal Summary

Date 2021-08-19
Target Shotl
Sector Software
Buyer(s) Swvl
Deal Type Add-on Acquisition

Target

Shotl

Barcelona, Spain
Shotl is a mass transit platform that partners with municipalities and corporations to provide on-demand bus and van services across Europe, LATAM, and APAC optimizing public transport systems and decreasing dependence on costly private options. Shotl is based in Barcelona, Spain.

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Buyer(S) 1

Buyer

Swvl

Dubai, United Arab Emirates

Category Company
Sector Internet Software and Services
DESCRIPTION

Swvl is a global tech startup based in Dubai that provides a semi-private alternative to public transportation for individuals who cannot afford or access private options. The Company has built a parallel mass transit system offering intercity, intracity, B2B, and B2G transportation in 10 megacities across Africa, Asia, and the Middle East. Swvl's tech-enabled offerings make mobility safer, more efficient, and environmentally friendly, while still ensuring that it is accessible and affordable for everyone. Customers can book their rides on an easy-to-use app with varied payment options and access high-quality private buses and vans that operate according to fixed routes, stations, times, and prices. Swvl is based in Dubai, United Arab Emirates.


DEAL STATS #
Overall 1 of 5
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 5
Country: Spain M&A 1 of 1
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Door2Door

Berlin, Germany

Door2Door is a mobility platform providing software solutions for on-demand shared mobility, multimodal routing, and mobility analytics. Door2Door licenses its B2G/B2B mobility software to municipalities, mass transit operators, transit agencies, corporations, and automotive companies, Door2Door is based in Berlin, Germany.

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