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.
