BUSINESS NEWS
VNV GLOBAL ANNOUNCES THAT THE SALE OF GETT WILL NOT PROCEED TO CLOSING
VNV Global AB (publ) (“VNV Global”) has announced that the previously disclosed Gett transaction will not proceed to closing. As a result, VNV Global will remain a shareholder in Gett. Despite extensive efforts to complete the transaction, VNV Global and other existing Gett shareholders together with the prospective buyer have now taken the decision to not move forward to close the transaction. VNV Global is excited to remain a shareholder for the next chapter of Gett’s journey.
The company continues to see strong operational momentum and has delivered gross bookings of approx. USD 520 million and EBITDA of approx. USD 17 million during the last twelve months ending March 2025. Cash and cash equivalents exceeding USD 60 million as at
March 31, 2025. Given Gett’s strong performance and cash generation, VNV Global expects the company to make a one-off dividend distribution to shareholders later this year, whilst continuing to invest in sustainable long-term growth. As an active and significant minority shareholder, VNV Global remains committed to working alongside Gett, its management, and other shareholders to drive value creation for all stakeholders. As per Gett’s management accounts (unaudited)
FREENOW NOW AVAILABLE IN GLASGOW THROUGH A PARTNERSHIP WITH SALTIRE PRIVATE HIRE
Freenow, the European multi- mobility app recently acquired by Lyft, is now offering its taxi app service in Glasgow through a partnership with Saltire Private Hire. The FREENOW app is already available in Edinburgh as well as in 150 other cities in Europe, including major capitals such as London, Dublin, Berlin, Rome, Madrid or Athens. Passengers can use the FREENOW app to see the upfront cost of their trip and the driver’s estimated arrival time. Additionally, passengers can utilise the ‘Prebook function’,
which
enables them to book a ride up to four days in advance and pay via Apple Pay, Google Pay, PayPal, Debit Card, or cash. Rob Finlayson, Operations Manager at Saltire Private Hire,
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passenger trans- port services in the region.” General Manager at FREENOW UK, Danny O’Gorman, said: “It is our job to continue responding to increased demand for our
said: “Saltire Private Hire, part of the City Cars Group, is pleased to announce our partnership with FREENOW, enhancing transport options and increasing earning opportunities for drivers and customers across Glasgow and the surrounding areas. “This collaboration under-scores our commitment to innovation and delivering exceptional
service across the UK. “Following the success of FREENOW in Edinburgh, with more than half a million taxi requests in the past three years and growing, we are pleased to announce that our app is now available to both residents and visitors in Glasgow, making it easier for people to book a ride whenever they need one.”
JUNE 2025 PHTM
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