Pango announced the acquisition of 100% of the taxi company Gett for $175 million. In 2022, Pango's revenues amounted to approximately NIS 155 million, with a net profit of about 55 NIS million.
Jonathan Alon, CEO of Pango, said, "We are delighted and excited to join the inspiring journey of Gett. Pango strongly believes in Gett as a growing and profitable company with exceptional business potential. We greatly appreciate the revolution Gett is leading in the Israeli taxi sector and the people driving it every day. We have significant plans for the continued development of the company in its areas of expertise. We are proud to sign an agreement for the acquisition of an Israeli company by another Israeli company and see this as a vote of confidence and a strengthening of the Israeli economy, especially in these times."
Matteo de Renzi, CEO of Gett, commented, "We are excited to welcome Pango as our new shareholders. We have made significant strides from a startup to a profitable international business and are grateful to our shareholders for their guidance and support over the years, as well as to our employees for their loyalty and excellence. We look forward to beginning the next chapter as part of the Pango family."