Grab to acquire 100% of Singapore taxi company Trans-cab

Trans-cab's general manager Jasmine Tan said, "Consumer behaviours have shifted and we've recognised for some time the need to digitise the business and ensure our taxi drivers can continue to be competitive. We are confident this deal protects their future. Grab’s industry-leading tech will help our taxi drivers drive more productively and safely while serving their passengers better."said, "We see this as a strategic match with win-win-win outcomes for all.

Trans-cab drivers who join the Grab platform will also receive benefits offered to all Grab driver-partners.

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Grab to buy Singapore's third-largest taxi company Trans-Cab for around $100 millionSINGAPORE - Ride-hailing giant Grab is acquiring Trans-Cab, Singapore’s third-largest taxi operator. The purchase – for an undisclosed amount but understood to be around $100 million – includes some 2,200 taxis and more than 300 private-hire vehicles which Trans-Cab owns. Sources told The Straits Times that negotiations started only two months ago, and the transaction is slated to be completed...
Source: asiaonecom - 🏆 10. / 59 Read more »

Grab to buy S’pore’s third-largest taxi company Trans-Cab: SourcesThey said negotiations started two months ago, and the transaction is slated to be completed this week. Read more at straitstimes.com.
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