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Transport & Logistics

Staff Reporter

, Singapore

Published:

9 months ago

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Photo by Sandy Galabada via Unsplash

ComfortDelGro receives shareholders approval for acquisition of A2B Australia

97.73% of eligible A2B shareholders voted in favour of the scheme resolution.

ComfortDelGro received a greenlight from its shareholder for plans of acquiring of A2B Australia Limited.

In a statement, the company said 97.73% of eligible A2B shareholders voted in favour of the scheme resolution.

A2B, a leading Australian taxi network, and technology and payment solutions provider, will join ComfortDelGro's expansive global taxi business, which currently operates 21,300 vehicles across Singapore, China, Australia, and the United Kingdom.

ALSO READ: Singapore’s updated P2P policy bodes well for taxi operators

“A2B is an excellent strategic fit that will allow us to grow our point-to-point offering and deepen our presence in the Australian market as a multi-modal mobility operator,” said ComfortDelGro Managing Director and Group CEO Cheng Siak Kian.

The transaction is expected to conclude in April pending NSW Supreme Court approval on 28 March.

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