ComfortDelGro Australia’s wholly-owned subsidiary, CDC Private Mobility Pty Ltd, has completed its acquisition of A2B Australia. The completion comes after the approval of A2B’s shareholders at a scheme meeting held on March 25 as well as the approval granted by the Supreme Court of New South Wales on March 28.
The acquisition, which includes A2B’s taxi services brands 13cabs and Silver Service, a leading taxi and booking dispatch platform MTI and the Cabcharge payment solution, means ComfortDelGro Australia now has an Australia-wide taxi network with more than 9,000 vehicles.
ComfortDelGro was a major, long-term shareholder of A2B before the acquisition.
“The acquisition of A2B is well aligned with our strategy to further grow and improve our point-to-point mobility business in Australia,” says Russell Balding AO, chairman of ComfortDelGro Australia.
“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,” he adds.
“We welcome A2B’s team to the ComfortDelGro family in Australia. 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. Our priority is to continue to provide competitive and innovative mobility solutions to serve the needs of Australian transport users,” says Nicholas Yap, managing director and CEO of ComfortDelGro Australia.
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Shares in ComfortDelGro closed at $1.47 on April 9.
