Quebecor’s Peladeau buying Montreal taxi firm Taxelco, including insolvent electric taxi company

Quebecor CEO Pierre Karl Peladeau speaks during public hearings at the CRTC in Gatineau, Que., on April 17, 2019.The head of Quebecor Inc. says he is personally acquiring the assets of Taxelco, which owns two large Montreal-area taxi companies and insolvent electric transportation firm Teo Taxi.

Pierre Karl Peladeau says the deal results from the acceptance of the final purchase offer put forward by Placements Saint-Jerome, a division of Groupe Peladeau.Story continues below advertisement Peladeau says the acquisition will allow his investment firm to play a “significant role in the responsible and necessary pursuit of the green and electric migration of taxi transportation services in Montreal.”

He added that the deal will ensure the operation of Taxi Diamond and Taxi Hochelaga, the preservation of several jobs and the safeguarding of Teo Techno technology and trademarks associated with Teo Taxi. Teo Taxi, launched by Alexandre Taillefer, ceased operations the end of January causing some 400 drivers to lose their jobs.Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to

globebusiness CorrUption Law PL17 to abolish Taxi Quotas and Permits was clearly made to help this guy.... CAQ and Bonnardel = CORRUPTION

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