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M&A Deal Summary

mytaxi Acquires Taxibeat

On February 16, 2017, mytaxi acquired internet software and services company Taxibeat

Acquisition Highlights
  • This is mytaxi’s 1st transaction in the Internet Software and Services sector.
  • This is mytaxi’s 1st transaction in Greece.

M&A Deal Summary
Date 2017-02-16
Target Taxibeat
Sector Internet Software and Services
Buyer(s) mytaxi
Deal Type Add-on Acquisition

Target

Taxibeat

Attica, Greece
Taxibeat creates a new transportation experience in the city by connecting thousands of passengers with available professional drivers nearby. The company was founded in January 2011 and it is available in Greece and Peru. Τhrough the app, you can reach a great number of drivers, on demand, 24 hours a day, 365 days a year, with no extra charge. Taxibeat not only moves passengers around, but items too. Taxibeat Boxi is a door-to-door service, for direct shipment of items within the city, either with taxi or bike.

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Buyer(S) 1

Buyer

mytaxi

Hamburg, Germany
Category Company
Founded 2009
Sector Internet Software and Services
Employees400
DESCRIPTION

mytaxi is a product of Intelligent Apps GmbH and was founded in June 2009; the world's first taxi app that establishes a direct connection between a passenger and a taxi driver. With over 10 million downloads and over 120,000 registered taxi drivers, mytaxi is the leading taxi e-hailing app in Europe, available in over 70 cities in ten - soon eleven - European countries. With around 400 employees, mytaxi now spans across Germany, Austria, Poland, Spain, Italy, Portugal, the UK, Ireland, Sweden and Greece.

DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Greece M&A 1 of 1
Year: 2017 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-23 S.C. Clever Tech Srl

Romania

S.C. Clever Tech Srl (Clever Taxi) is a platform operated by Clever Tech SRL and is the leading e-hailing app of Romania. First established in 2010, it launched in Bucharest as the answer to the common issue of finding a safe available taxi in peak times in a crowded metropolitan area, that co-founders Mihai Rotaru and Alexandru Dumitru solved using smartphone apps.

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