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Announced

ComfortDelGro to acquire A2B Australia for $124m.

Financials

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Transaction Value£97m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Pending

Australia

Public

Friendly

taxi services

payments solutions

Mobility

Acquisition

Majority

Single Bidder

Synopsis

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ComfortDelGro, a transportation firm, offered to acquire A2B Australia, a taxi network and payments solutions provider, for $124m. “This acquisition is in line with ComfortDelGro’s strategy to scale our point-to-point mobility business in our key markets. As a leading taxi network in Australia, A2B is highly complementary to our business. Its fundamentals are attractive, with a proven track record of expansion driven by underlying growth in customer demand and driver supply. It will also allow for diversification of our offerings in Australia, transforming ComfortDelGro Corporation Australia into a national multi-modal mobility player,” Cheng Siak Kian, ComfortDelGro Managing Director and CEO.

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