Uber Technologies’ UBER subsidiary, Uber Freight, has entered into a definitive agreement to acquire logistics company Transplace for approximately $2.25 billion. Being EBITDA profitable, Transplace is expected to generate more than $100 million in the current year. The deal consists of up to $750 million in Uber’s shares and the remainder in cash.Uber expects the transaction to accelerate the Freight unit’s path to profitability, by helping the segment breakeven on an adjusted EBITDA basis by 2022-end. According to a presentation, Uber is expected to generate sustained positive adjusted EBITDA across all its segment following the completion of the transaction, later this year or in the first half of 2022. The company also expects to realize net run-rate synergies of more than $40 million for 12-24 months, post closure of the acquisition.The Transplace acquisition will help Uber expand its customer base by widening its presence in Mexico. Together, the two companies will enhance supply chains, provide operational resilience and reduce transportation costs.Uber Technologies, Inc. Price Uber Technologies, Inc. price | Uber Technologies, Inc. QuoteWith Uber’s core ride-hailing business under pressure due to low ride volumes amid the pandemic, the company has been expanding its delivery operations to capitalize on the surge in online order volumes from homebound customers. Last December, it undertook a major acquisition, buying food delivery company, Postmates, for $2.65 billion. The acquisition has widened Uber’s presence in Los Angeles and the American Southwest, where Postmates had a strong base. This year, it purchased alcohol delivery startup, Drizly Inc. for $1.1 billion.Uber’s latest move to acquire Transplace is inline with its expansion initiatives aimed at widening its revenue base to offset the effects of the pandemic-led downturn in its Mobility operations. While the past few acquisitions were focused on expanding the Delivery segment, this time the company is looking to bolster its Freight operations. Freight revenues, which climbed 51% year over year to $301 million in the first quarter of 2021, contributed 10.4% to Uber’s top line.Zacks Rank & Key PicksUber currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Internet - Services industry are DeNA Co., Ltd. DNACF, Internet Initiative Japan, Inc. IIJIY and Shopify Inc. SHOP, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of DeNA Co, Internet Initiative Japan, and Shopify have rallied more than 63%, 92%, and 71%, respectively in a year’s time. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Shopify Inc. (SHOP): Free Stock Analysis Report DENA CO LTD TOK (DNACF): Free Stock Analysis Report Internet Initiative Japan, Inc. (IIJIY): Free Stock Analysis Report Uber Technologies, Inc. (UBER): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research