March 30 (Reuters) - Uber Technologies has agreed to acquire Berlin-based chauffeur service Blacklane as part of its push into premium and executive travel, the companies said on Monday. The deal,
Uber to Acquire Blacklane, Boosting Premium Executive Travel Services
Uber's Strategic Expansion into Premium and Executive Travel
Acquisition Announcement and Market Impact
March 30 (Reuters) - Uber Technologies has agreed to acquire Berlin-based chauffeur service Blacklane as part of its push into premium and executive travel, the companies said on Monday.
The deal, subject to regulatory approvals, will expand Uber's presence in the fast-growing market for pre-booked, high-end transport services.
Financial Details and Valuation
Uber declined to provide financial details regarding the deal, except that it is expected to close by the end of 2026. Blacklane was valued at $547.32 million after a funding round in October 2024, according to PitchBook data.
Complementing Uber Elite and Global Reach
The ride-hailing platform said the acquisition would complement its Uber Elite offering and help deliver premium travel options to a broader global customer base.
Reporting Credits
(Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
