Noerr has advised Daimler on the takeover by its subsidiary, e-hailing company Mytaxi, of Romanian company Clever Tech SRL, which owns the taxi hail app Clever Taxi. Financial terms were not disclosed.
Clever Taxi, which was founded in 2010, is operational in 20 Romanian cities and records over 17,000 drivers and 600,000 users. The Mytaxi app, which was launched one year earlier, has been downloaded more than 10 million times, and Mytaxi has over 120,000 recorded drivers and is available in 70 cities in 10 European countries. Romania becomes the 11th.
The Noerr team was led by Partner Rusandra Sandu, assisted by Senior Associate Luiza Bedros.
Noerr stated that it did not have or was not able to disclose the identity of the sellers, or sellers' counsel.