Following the acquisition, Gett will have a fleet of 11,500 London licensed cabs on its books, almost 50% of the black cabs in the city.
The acquisition, which is subject to shareholder approval, will make Gett the country’s biggest black cab app, with more drivers in UK cities than any other company.
Remo Gerber, CEO of Gett in Western Europe said: “We are delighted to bring such a great business as Radio Taxis into the Gett family. Our aspiration is to provide our technology to their corporate customers”.
Mr Gerber added: “This deal will help even more customers get access to our fixed fares which are always better than the meter – with discounts of up to 30% on the fare they would otherwise pay”.
Gett’s buyout of Radio Taxis will give it control over Xeta, another black cab brand, and One Transport, a platform that gives businesses access to vehicles.
Gett operates in 25 of the UK’s major cities, as well as the US and Russia, and throughout its home base in Israel.