Grab to acquire Trans-cab.

Grab, a smartphone-based taxi booking and dispatching service, agreed to acquire Trans-cab, a taxi service provider. Financial terms were not disclosed. “Consumer behaviours have shifted and we’ve recognized 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. We know that Grab cares deeply about their driver-partners, just as we do. We are entering this deal with full assurance that Grab will do their best to safeguard the livelihoods of our taxi drivers," Jasmine Tan, Trans-cab General Manager.