Australasian operator ComfortDelGro Corporation Australia (CDC) has confirmed it has completed its acquisition of A2B Australia.
CDC’s wholly owned subsidiary, CDC Private Mobility, has acquired A2B to establish an Australia-wide taxi network with more than 9,000 vehicles.
CDC’s acquisition of A2B – a leading Australian taxi network and a major technology and payment solutions provider for the personal transport industry – includes taxi services brands 13cabs and Silver Service, a leading taxi and booking dispatch platform MTI and the Cabcharge payment solution.
CDC’s parent company, SGX-listed ComfortDelGro, was a major, long-term shareholder of the ASX-listed A2B, and the two companies have worked together in the Australian market over many years.
“The acquisition of A2B is well aligned with our strategy to further grow and improve our point-to-point mobility business in Australia,” CDC Australia chairman Russell Balding says.
“The addition of A2B’s taxi networks and technology solutions to our point-to-point mobility brands, which include Swan Taxis, the largest operator of taxis in Western Australia, positions CDC as the operator of the largest integrated taxi network in Australia and to deliver a cost effective and customer focused service.
“Our integrated taxi services are now a major segment of our multi-modal mobility service across Australia.”
CDC Australia managing director and CEO Nicholas Yap says CDC is excited to welcome A2B into the fold.
We’re very excited about the future of our business in this market, particularly given the opportunity to expand our reach and solidify our commitment to an Australian company that has prevailed amid a highly competitive environment,” Yap says.
“Our priority is to continue to provide competitive and innovative mobility solutions to serve the needs of Australian transport users.”
CDC has a long-term commitment to the Australian market, where it has operated for almost 20 years, employing more than 4,800 people. With the A2B acquisition, CDC now has a total fleet of more than 12,000 vehicles nationally, including buses, patient transport vehicles and taxis.