Lyft has agreed to buy Gett’s UK business, marking its third international acquisition in the past year as it looks to grow outside the US.
According to the Ctech report, the deal values Gett’s UK operations at about $55 million. The deal is expected to close in the next few weeks, pending regulatory approval. Lyft has not shared the full terms.
Lyft said the deal will not affect its 2026 results but will impact the second quarter, suggesting this move is about building market position rather than quick returns. This is the third step in a strategy Lyft quickly put together.
Last year, it bought the European ride-hailing app Freenow for $175 million, its first move outside the US or Canada, and then acquired TBR Global Chauffeuring, a luxury rides company based in Glasgow. Gett will now become part of the Freenow operation, and its team will join Freenow by Lyft once the deal is complete.
Lyft’s strategy is clear: it wants to control several parts of London’s transport market. This includes black cabs with Gett, private hire and multi-modal services through Freenow, premium chauffeur rides with TBR, cycling with Santander Cycles, and, soon, autonomous rides through a planned partnership with Baidu, which Lyft expects to start testing in London later this year.
If Lyft’s plan works, it will cover more types of transport in London than any other company. Uber still leads in private hire, but it has little presence in black cabs and does not offer cycling.
Lyft is quickly building a complicated European business using assets that were not all successful before. While the London expansion is moving forward, it is still unclear if Lyft will be able to make a profit
