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New Deal


Announced

Completed

Modaxo completed the acquisition of Routematch from Uber Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Majority

Completed

Single Bidder

Private

Software

transportation software

transportation

United States

Acquisition

Friendly

Synopsis

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Modaxo, a mobility technology services provider, completed the acquisition of Routematch, a mobility software manufacturer, from Uber Technologies, a ride hailing platform. Financial terms were not disclosed. “Modaxo’s sole focus is on people transportation and we look to acquire and grow technology businesses that drive growth for the sector. When we invest in a business like Routematch, we invest in their technology, people, and customers for the long-term. This acquisition reinforces our commitment to public transit and brings us another step closer towards achieving our goal of moving the world’s people," Rod Jones, Modaxo Head of Americas.

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