Parking-payment platform Pango has agreed to acquire ground transportation booking platform Gett for $175 million, Gett announced last week on its website.
Pango, headquartered in Fort Lauderdale, Fla., offers pay-by-phone technology for parking spots. The company would acquire Gett from current shareholders from VNV, Access Industries and MCI Capital.
The deal is subject to approval by the Israeli Competition Authority; Gett has corporate offices in Tel Aviv and the United Kingdom. Pango intends to retain Gett's wider global teams and support Gett's growth in the ride-hailing and delivery markets in the U.K. and Israel, according to Gett.
Gett in 2022 terminated a deal to go public via a special purpose acquisition company. In March 2023, it partnered with Free Now in the U.K. for private hire vehicles for corporate customers as well as with HQ for that company's corporate customers to book on-demand and future rides.
"Gett remains a key strategic partner, and we do not anticipate any changes in our relationship or offering," HQ chief revenue officer Charity Rumery wrote in an email to BTN. "From our perspective, it's business as usual."