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Announced

Completed

Veezu completed the acquisition of City Taxis.

Financials

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

Sources

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Friendly

United Kingdom

Private

Acquisition

taxi provider

Transportation Services

Domestic

Completed

Single Bidder

Majority

Synopsis

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Veezu, a taxi and private hire technology platform, completed the acquisition of City Taxis, an independent taxi provider operating a local taxi service. Financial terms were not disclosed. “I’m delighted to welcome Arnie and City Taxis into the Veezu Group. City Taxis is a high-quality business in Sheffield and surrounding areas. I’m really pleased that Arnie will join our management team at Veezu, playing a pivotal role in the next growth stage of our business,” Nathan Bowles, Veezu CEO.

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