Uber Expands in Denmark with Dantaxi Acquisition
Deal News | Feb 06, 2025 | Triton Partners
Uber Technologies, Inc. has announced the acquisition of Dantaxi, Denmark's largest taxi operator, from private equity firm Triton Partners, marking a significant expansion of Uber's operations in Denmark. The acquisition will enable Uber to use its advanced technology to integrate Dantaxi’s network of 3,500 professional drivers, making its services available in 75 out of Denmark's 98 municipalities. This move aligns with Uber’s commitment to improving urban mobility through a sustainable, electric future while complying with Danish taxi regulations. Triton Partners, having owned Dantaxi since 2018, transformed the company into a market leader. Carsten Aastrup, CEO of Dantaxi, has expressed positive outlook for the collaboration which promises to provide a superior experience for riders and more opportunities for drivers.
Sectors
- Transportation and Ride-hailing
- Private Equity
Geography
- Denmark – The acquisition directly impacts Denmark, as Uber looks to expand its urban mobility services throughout the country.
Industry
- Transportation and Ride-hailing – The acquisition involves major players in the transportation industry, with Uber expanding its ride-hailing capabilities by integrating Dantaxi’s local taxi services.
- Private Equity – Triton Partners' sale of Dantaxi signifies a private equity exit, highlighting its role in the company's transformation and market leadership within Denmark's mobility sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Uber Technologies, Inc. | Acquiring Company | Company | A global ride-hailing leader expanding its presence in Denmark through the acquisition of Dantaxi. |
| Dantaxi | Target Company | Company | Denmark's largest taxi company, providing nationwide coverage and strong ESG credentials. |
| Triton Partners | Selling Company | Company | A private equity firm that transformed Dantaxi into a market leader during its ownership from 2018. |
| Maurits Schnfeld | General Manager Northern Europe at Uber | Person | Commented on the strategic importance of the acquisition for Danish mobility. |
| Carsten Aastrup | CEO of Dantaxi | Person | Expressed enthusiasm for Dantaxi's integration with Uber's platform. |
| Daniel Bjrklund | Investment Advisory Professional, Triton | Person | Acknowledged Triton's successful transformation of Dantaxi and prospect for growth under Uber. |