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Uber has agreed to acquire U.K.-based taxi and private for-hire car technology company Autocab, the two said Thursday. 

Why it matters: The acquisition should help Uber expand to U.K. markets where it doesn't currently operate by enabling its customers to book cars available through Autocab, though the latter will remain largely independent.

Uber to acquire U.K. taxi technology company Autocab

Itl will help Uber expand to U.K. markets where it's not currently available.

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Uber

Technology

Uber has agreed to acquire U.K.-based taxi and private for-hire car technology company Autocab, the two <a class="gtmContentClick" data-vars-link-text="said" data-vars-click-url="https://www.autocab.com/blog/2020/08/06/uber-to-acquire-autocab/" data-vars-content-id="618ce4dd-585e-4a0e-8760-edaeac4c3392" data-vars-headline="Uber to acquire U.K. taxi technology company Autocab" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.autocab.com/blog/2020/08/06/uber-to-acquire-autocab/" target="_blank">said</a> Thursday. Why it matters: The acquisition should help Uber expand to U.K. markets where it doesn&#x27;t currently operate by enabling its customers to book cars available through Autocab, though the latter will remain largely independent.

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Uber to acquire U.K. taxi technology company Autocab

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