Uber has reached an agreement to acquire Berlin-based chauffeur booking platform Blacklane, which operates in over 500 cities across more than 60 countries. Financial terms were not disclosed and the transaction is expected to close by the end of 2026 pending regulatory approval.

The deal accelerates Uber's push into the executive travel market, complementing its Uber Elite service and higher-end categories. These premium offerings generated more than $10 billion in gross bookings last year, marking a 35% increase from the prior year.

The luxury ride-hailing sector has seen recent moves from rivals, including London-based Wheely's entry into New York City and Lyft's $110 million acquisition of TBR Global Chauffeuring. This acquisition strengthens Uber's position against growing competition for high-net-worth and corporate clients.