Swvl acquires Turkish transportation service Volt Lines in $40m deal

RIYADH: Swvl Holding Corp., a Dubai-based transportation and ride-sharing company, acquired Volt Lines, a Turkish transport company in a $40 million deal.

Marking its fourth acquisition since August, Swvl will now have access to Volt Lines technology as well as 110 corporate client contracts, according to MAGNiTT.

Last month, Swvl acquired Berlin-based Door2door.