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Announced

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LeCab completed the acquisition of Marcel from Cosmobilis Automotive.

Synopsis

LeCab, a private transportation service offering cab services, completed the acquisition of Marcel, the online reservation platform for chauffeur-driven touring cars, from Cosmobilis Automotive, an automobiles retailer. Financial terms were not disclosed. We have always stated that we would continue to be a player in the consolidation of the French VTC market. Our ambition, which has never changed, is to satisfy our clients and driver partners. By growing organically and through acquisitions, we are making this possible," Yves Weisselberger, Lecab President.

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