Yandex.Taxi to acquire the call centers and cargo business of Vezet Group for $178m.

Financials

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Transaction Value£129m

Consideration TypeCash, Contingent Deferred Consideration

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

YANDEX.TAXI

vendor

Vezet Group

target

Vezet (cargo And Call Center Business)

Sources

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Press Release

Yandex - 2 Feb 2021

Tags

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Single Bidder

Acquisition

call centers

Domestic

Majority

Private

Pending

Friendly

Russian Federation

Customer Relationship Management

Synopsis

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Yandex.Taxi, Yandex's ride-sharing and food delivery joint venture, agreed to acquire the call centers and cargo business of Vezet Group, the largest ride hailing company in Russia, for $178m. The transaction will allow Yandex to ramp up the development of logistics services and enhance customer care across Russian regions.