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M&A Deal Summary

Kolors Acquires Urbvan

On September 13, 2023, Kolors acquired internet software and services company Urbvan from Swvl

Acquisition Highlights
  • This is Kolors’ 1st transaction in the Internet Software and Services sector.
  • This is Kolors’ 1st transaction in Mexico.

M&A Deal Summary
Date 2023-09-13
Target Urbvan
Sector Internet Software and Services
Buyer(s) Kolors
Sellers(s) Swvl
Deal Type Divestiture

Target

Urbvan

Mexico City, Mexico
Urbvan is a tech-enabled mass transportation company using a triple-sided marketplace that connects organizations, users, and third-party vehicles, by creating mobility networks for repeatable customers. The company is committed to delivering an efficient, affordable, and reliable service that can deeply impact the way people are moving in Latin America. It seeks to improve people's quality of life by reshaping transportation with a human-centered approach and a positive impact on the environment. Urbvan was formed in 2016 and is based in Mexico City, Mexico.

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Buyer(S) 1

Buyer

Kolors

Mexico City, Mexico
Category Company
Sector Business Services
DESCRIPTION

Kolors is a digital intercity mass mobility ecosystem that revolutionizes ground mass mobility including the intercity bus (motorcoach) and the B2B personnel transportation industry. Kolors is based in Mexico City.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Mexico) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

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 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Mexico) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Urbvan

Mexico City, Mexico

Urbvan is a tech-enabled mass transportation company using a triple-sided marketplace that connects organizations, users, and third-party vehicles, by creating mobility networks for repeatable customers. The company is committed to delivering an efficient, affordable, and reliable service that can deeply impact the way people are moving in Latin America. It seeks to improve people's quality of life by reshaping transportation with a human-centered approach and a positive impact on the environment. Urbvan was formed in 2016 and is based in Mexico City, Mexico.

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