Business German startup sennder acquires Uber’s European freight business

Business German startup sennder acquires Uber’s European freight business

Business

FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

BERLIN (Reuters) – German freight startup sennder said on Wednesday it had acquired Uber’s UBER.N European freight business in an all-stock deal that will see the U.S. ride hailing company become a minority shareholder.

The deal marks the second acquisition this year by Berlin-based sennder, a digital freight forwarder founded in 2015 that specialises in full-truck loads, handling 50,000 cargoes a month.

Reporting by Douglas Busvine; editing by Thomas Seythal

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