SINGAPORE - Temasek-owned transport operator SMRT Corp is merging its taxi business with newly-sold Premier Taxis’ to form Singapore’s second largest cab operator with a fleet of around 2,500 taxis.
SMRT, which was reported to be in talks to sell its taxi business to ride-hailing firm Grab in 2017, has 1,537 taxis as at end-February. Its taxi and private-hire businesses now operate under the brandname Strides. Premier has 965 cabs as at end-February.
Mr Ang Wei Neng, chief executive designate of Strides Premier, said: “This merger is a significant milestone to help drive greater efficiency and better services for both our vehicle hirers as well as end-users.” Mr Raymond Ng, founder of BS Capital Group, said: “After acquiring Premier Taxis last year, we see this merger as an opportunity for further growth.”SMRT said all current rental agreements with drivers will not be affected by the merger.