Comfort Coaches? ComfortDelGro Cabcharge to buy Custom Coaches

By: Chris Smith


ComfortDelGro Cabcharge (CDC) has entered into a Memorandum of Understanding to acquire Australian bus builder Custom Coaches. The proposed acquisition, which

ComfortDelGro Cabcharge (CDC) has entered into a Memorandum of Understanding to acquire Australian bus builder Custom Coaches.

The proposed acquisition, which is subject to satisfactory completion of due diligence, will give CDC an initial 35 percent share of the Australian bus building market.

This will serve as a strong base for the Group as it prepares to open its new manufacturing plant at Rutherford in the Hunter Valley early next year.

Custom Coaches has bus building factories for fabricated stainless steel buses in Smithfield (Sydney, New South Wales), Royal Park (Adelaide, South Australia) and Arundel (Gold Coast, Queensland).

CDC is a subsidiary of Singapore based ComfortDelGro Corporation (51 percent) and Australian taxi and taxi payment company Cabcharge (49 percent).

ComfortDelgro operates in 23 cities in seven countries, including bus transportation in the U.K., Australia and China.

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