IN THE NEWS
GETT ACQUIRED BY ISRAELI CONSORTIUM FOR $188 MILLION
A consortium of Israeli institutional financial investors has announced the acquisition of Gett from its current shareholders VNV, Access Industries and MCI Capital for $188 million. The new owners group consists of some of the largest and most experienced institutional investors in Israel with proven track record of investing in and fostering companies. The new shareholders have expressed their interest in retaining Gett’s wider global teams and supporting the company in the long-term development of its strategy as a leading mobility platform in Israel and abroad.
A representative of the new owners said: “We are excited to join forces with Gett. This acquisition reflects our confidence in the company’s innovative technology, growth potential and talented employees and management team. Together, we aim to expand services, deliver exceptional value for drivers and customers, and seize opportunities in the rapidly transforming transportation industry” Per Brilioth, CEO of VNV, said: “We are proud to have supported Gett’s transformation and expansion. As the company transitions to a new era, we are confident it will build
on its strong foundations and play a defining role in the future of
mobility.Thank you to everyone at Gett: you have been amazing! It has been great to work with you all, good luck with everything and see you down the road!” Matteo de Renzi, CEO of Gett, added: “We are delighted to begin this exciting new chapter for Gett alongside our new shareholders. “As we look ahead, we remain confident in our strong operational foundation, cutting-edge tech- nology advancements, and the exceptional talent across our organisation - all of which will power the next phase of growth”
CRESTA CARS BOSS VOWS TO OPEN FLINT OFFICE DESPITE VANDALISM AND THREATS
The director of a growing North Wales taxi firm says he will not be intimidated after a series of attacks and threats targeted a new office in Flint. Xristos Tsorvas, one of the three directors of Cresta Cars, revealed that the company’s new office on Chester Street was vandalised with smashed windows and white paint. In addition, Tsorvas, who is originally from Athens, Greece, has received threatening messages, including warnings to “go back to my own country” and that the office would be set on fire. “You’d be shocked if you saw the messages I’ve been sent,” Tsorvas said. “They threatened my life…This is not normal in 2025.” He described the attacks, which he
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said were carried out by people in balaclavas, as “gangster behaviour” and “really sad.” Cresta Cars, which launched in Mold in 2019, has expanded rapidly, now operating a fleet of 160 vehicles with offices in Mold, Buckley, Connah’s Quay, Broughton, and Chester. The planned Flint office would be its sixth location. Following the initial attacks, Cresta Cars was asked to leave the
Chester Street premises. Tsorvas has since secured a new location in the town and plans to open for business in September, with increased security measures. Despite the intimidation, Tsorvas remains resolute. “I am not stopping - I will open an office in Flint,” he insisted. “I am not scared, I am more determined now. This behaviour is not right and it will not deter us from operating.” He added that he cannot stop the business because 280 people, including drivers and office staff, “rely on the business.” North Wales Police confirmed it’s investigating reports of criminal damage and harassment related to the incidents, which occurred between August 4 and August 8.
SEPTEMBER 2025 PHTM
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