Swvl to acquire Urbvan.

Swvl, a global provider of transformative tech-enabled mass transit solutions, agreed to acquire Urbvan, a tech-enabled mass transportation company. Financial terms were not disclosed. "Urbvan was founded on the same principals as Swvl: to address the inefficiencies found in traditional mass transit in many parts of the world. With a significant footprint in Mexico, an impressive suite of Transport as a Service offerings, and strong relationships with local government players, this acquisition reinforces Swvl's position as a leading provider of safer and more reliable mobility solutions which are required for vulnerable people living in densely populated, challenging markets with vast geographies," Mostafa Kandil, Swvl Founder and CEO.