Summary
Uber Technologies, Inc. (UBER) has announced a significant strategic move with the agreement to acquire Getir Perakende Lojistik A.Ş.'s (“Getir”) delivery portfolio in Türkiye. This acquisition, valued at $335 million for Getir's food delivery business on a cash and debt-free basis, marks a substantial expansion for Uber in the Turkish market. The acquired food delivery business demonstrated robust growth, generating over $1 billion in gross bookings in 2025, a more than 50% increase year-over-year on a constant currency basis. In addition to the outright purchase of the food delivery segment, Uber is investing $100 million for a 15% stake in Getir's remaining delivery operations, which include grocery, retail, and water delivery. The full acquisition of these additional segments is contingent on specific operating and financial performance milestones and is expected to be finalized over the next few years. The initial acquisition of the food delivery business is subject to regulatory approvals and other closing conditions, with an anticipated closing in the second half of 2026. This move signals Uber's commitment to consolidating its market position and capitalizing on growth opportunities in key international markets.
Key Highlights
- 1Uber to acquire Getir's delivery portfolio in Türkiye, including food, grocery, retail, and water delivery.
- 2Acquisition of Getir's food delivery business for $335 million in cash (cash and debt free basis).
- 3Getir's food delivery business generated over $1 billion in gross bookings in 2025, with over 50% year-over-year growth (constant currency).
- 4Uber to invest $100 million for a 15% stake in Getir's grocery, retail, and water delivery business.
- 5Full acquisition of Getir's remaining delivery portfolio is phased and subject to performance conditions, expected over the next few years.
- 6Acquisition of food delivery business expected to close in the second half of 2026, subject to regulatory approvals and closing conditions.