Swvl Acquires Volt Lines to Expand Mass Transit Solutions in Europe.

MANews-(C)2009-2022

Dubai-based mass transit solutions provider Swvl Holdings Corp (NASDAQ: SWVL) has agreed to acquire Turkey based subscription-based transportation service Volt Lines to expand tech-enabled mass transit solutions in Europe, the company said.

The closing of the transaction is subject to customary closing conditions and is expected to be completed in 2Q22. Terms of the transaction were not disclosed.

The acquisition builds on Swvl's recent acquisitions of controlling stakes in Shotl and Viapool, and pending acquisition of door2door.

This acquisition will expand Swvl's footprint and diversify offerings globally.

Swvl is...

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