#acquisition
Cairo-born shared transportation service provider Swvl has acquired Turkish transportation-as-a-service operator Volt Lines, further expanding its operations. This marks Swvl’s fourth acquisition since August 2021, after Spain’s Shotl, Latin America’s ViaPool, which operates in Argentina and Chile, and Berlin-based Door2Door, operating across Europe. Although Swvl did not disclose the financial details of the deal, according to Bloomberg, the sale values Volt Lines at $40 million. On their official Instagram account, Volt Lines said they were “thrilled” at the news. “The…
