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ComfortDelGro to acquire UK black cab provider for $460m
The Straits Times
|October 25, 2024
Transport operator ComfortDelGro is acquiring Addison Lee, a premium private hire, courier and black taxi provider in Britain for £269.1 million (S$460 million).
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The acquisition – through wholly owned subsidiary CityFleet Networks – is a catalyst for ComfortDelGro's expansion into the premium mobility market, and strengthens its overall point-to-point proposition in Britain and globally, the group said in a bourse filing late on Oct 23.
The addition of Addison Lee will extend ComfortDelGro's London footprint and grow its taxi and private-hire network to more than 34,000 vehicles globally.
Addison Lee is the largest premium point-to-point operator in Britain, with 7,500 drivers and 5,000 vehicles.
This story is from the October 25, 2024 edition of The Straits Times.
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