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A2B shareholders vote in favour of CDC acquisition

CDC’s acquisition of A2B will see it enhance its offerings as a multi-modal transport operator

A2B Australia Limited shareholders have approved the proposed acquisition of its organisation by transport operator ComfortDelGro Corporation Australia (CDC). 

A total of 97.73 per cent of A2B shareholders voted in favour of the acquisition, which will now see A2B join Western Australia taxi operator Swan Taxis as part of CDC’s state-to-state mobility brands group. 

CDC will also gain access to A2B’s taxi network and payment technology, including taxi brands 13cabs and Silver Service, booking platform MTI and the Cabcharge payment solution. 

“We have been a major, long-term shareholder of A2B and are extremely pleased with the outcome of the vote,” CDC managing director Cheng Siak Kian says. 

“A2B is an excellent strategic fit that will allow us to grow our point-to-point offering and deepen our presence in the Australian market as a multi-modal operator. 

“We look forward to a smooth transition and welcoming A2B into the CDC family.” 

CDC currently stands as one of Australia’s largest bus operators, while it also operates non-emergency patient transport services in Victoria, New South Wales and Western Australia and outdoor advertising company Moove Media. 

The transaction is expected to be complete by April 2024 subject to the approval of the acquisition by the NSW Supreme Court. 

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