Gett, a leading corporate ground transportation management provider, has merged with Rosecliff Acquisition Corp. I to become a publicly traded company on NASDAQ, securing significant capital for future growth.
Information on the Target
GT Gettaxi Ltd., known as Gett, is a prominent provider of corporate ground transportation management (GTM) services, catering to a global market valued at over $100 billion annually. The company serves more than a quarter of Fortune 500 companies and leverages cloud-based software to efficiently connect transportation providers—such as taxis and ride-hailing services—with end users through a unified global platform. This innovative approach helps clients reduce their ground transportation costs by an average of 25%.
Founded in 2010 and headquartered in London, Gett has grown to employ over 800 staff members worldwide. The company aspires to establish itself as the industry standard in corporate ground transportation by offering a centralized management system that optimizes the employee experience from booking to invoicing and analytics.
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Industry Overview in the Target’s Country
The ground transportation management market in the U.K., where Gett is headquartered, is part of a wider global trend seeing increased investments in technology-driven solutions. Companies are shifting towards more efficient systems that strea
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Rosecliff Acquisition Corp. I
invested in
GT Gettaxi Ltd.
in 2021
in a Public-to-Private (P2P) deal
Disclosed details
Transaction Size: $253M
Enterprise Value: $1,000M
Equity Value: $30M