Uber Expands Operations in Turkey: Acquisition of Getir

Uber Acquires Getir

US-based transportation and delivery service provider Uber (UBER) has decided to acquire Getir Retail to further strengthen its presence in Turkey. This strategic move aims to enhance Uber's influence in its local markets.

Details of the Acquisition

According to the announcement, Uber has reached an agreement with current major shareholder Mubadala to acquire Getir's shares. It was stated that this agreement covers a wide range of services including food, retail products, and water sales.

CEO's Statements

Uber CEO Dara Khosrowshahi recalled Trendyol GO, which is among its investments in Turkey, saying, “By bringing together these leading platforms, we aim to support the continued growth of this vibrant and competitive ecosystem.” This statement clearly outlines the fundamental motivation behind Uber's growth strategies in the Turkish market.

Timing and Previous Investments

Uber's significant move is also linked to the acquisition agreement in May for an 85% stake in Trendyol GO for $700 million. Thus, Uber plans to expand its service range in Turkey to better respond to local demand.

The impact of this acquisition on the dynamics of the retail and fast delivery market in Turkey will become clear in the future. However, it is evident that Uber is seriously focused on the market with such strategic moves.