Dubai-based transport technology start-up Swvl Holdings announced on Friday a definitive agreement to acquire Zeelo, a UK-based smart bus platform and technology scale-up.
Joining forces with Zeelo builds upon Swvl’s recent acquisitions of Viapool and Shotl, the Nasdaq-listed company said.
It didn’t disclose any details for the transaction.
The acquisition would potentially allow the Dubai-based Swvl to rapidly expand business operations in markets including the UK, South Africa and the US.
The acquisition is expected to be completed in May 2022.
