Lyft has agreed to acquire Gett’s UK business for approximately $55 million, in a transaction aimed at enhancing its presence in London as part of its expansion strategy outside the US. The acquisition is expected to close in the coming weeks, pending regulatory approval, and will integrate Gett UK into Lyft’s Freenow unit, with the team transitioning once the deal is finalized. Lyft indicates that this will not impact its full-year 2026 financial results but will affect its Q2 performance, emphasizing long-term market positioning over immediate financial outcomes.

Summary of transaction details:

• Deal Type: Acquisition
• Transaction Amount: $55,000,000
• Acquiring Company: Lyft
• Target Company: Gett UK
• Transaction Status: Pending regulatory approval

Lyft has implemented a multi-layered transport strategy in London that includes various services such as black cabs, private hire, cycling, and premium chauffeur services, along with future autonomous partnerships. This acquisition marks Lyft’s third international purchase within the last year, following its acquisitions of Freenow and TBR Global Chauffeuring. Lyft is focused on building a diversified transport ecosystem to strengthen its competitive positioning in the market.