Stack Capital Holding Omio Announces the Expansion of Its Partnership With Uber
June 17 2024 - 2:00PM
Stack Capital Group Inc. (TSX:STCK) is pleased to announce that
Omio, Inc. (“Omio”), an existing portfolio holding and leading
global platform for booking trains, planes, buses, and ferries,
recently announced the extension of its strategic partnership with
Uber Technologies, Inc. (NYSE:UBER) into Spain.
Building on the success of its previous
collaboration with Uber in the UK, the recent launch of Uber Train
across Spain continues to redefine the landscape of multi-modal
travel through a convenient door-to-door experience. Powered by
Omio’s unique API, Uber’s Spanish customers now have access to an
extensive inventory of rail routes, including Eurostar, further
solidifying Uber’s position as a one-stop shop for travel
solutions.
“A very exciting announcement from Omio, which
provides clear evidence that its solution is delivering value to
both Uber and its customers,” said Jeff Parks, CEO of Stack
Capital. “Given the success of the partnership in the UK, with high
repeat train bookings, we expect similar results for Spain over
time, along with other European countries in the future.”
To access a copy of Omio’s announcement please
click here.
About Stack Capital
Stack Capital is an investment holding company
and its business objective is to invest in equity, debt and/or
other securities of growth-to-late-stage private businesses.
Through Stack Capital, shareholders have the opportunity to gain
exposure to the diversified private investment portfolio;
participate in the private market; and have liquidity due to the
listing of the Common Shares on the TSX. At the same time, the
public structure also allows the Company to focus its efforts on
maximizing long-term performance through a portfolio of high growth
businesses, which are not widely available to most Canadian
investors. SC Partners Ltd. (the "Manager") has taken the
initiative in creating the Company and acts as the Company's
administrator and is responsible to source and advise with respect
to all investments for the Company.
About Omio, Inc.
Headquartered in Berlin, Germany, Omio is a
leading multi-modal travel platform that allows consumers in
Europe, the United States, and Canada to easily book trains, buses,
ferries, and flights – saving them both time and money. The company
has successfully built a platform focused on the underserved and
highly fragmented ground and water transportation markets.
Currently issuing travel tickets across 37 countries, in 21
different languages, and 26 different currencies, for 1000+ travel
transportation providers, Omio’s innovative platform brings
together a significant number of travel operators and seamlessly
integrates their respective inventories. For more information,
visit www.omio.com.
For more information, please visit
www.stackcapitalgroup.com or contact:
Brian ViveirosVP, Corporate Development, and
Investor Relations647.280.3307brian@stackcapitalgroup.com
A photo accompanying this announcement is
available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/5fd17922-2ced-40c1-92a4-28e9fa528759
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