ComfortDelGro-backed CityFleet Networks completed the acquisition of Addison Lee for £269m.

ComfortDelGro-backed CityFleet Networks, a ground transportation provider operating a fleet of vetted & approved taxi, car and coach services, completed the acquisition of Addison Lee, a private hire, courier and black taxi provider, for £269m ($349m). “Addison Lee is an established leader in serving the differentiated premium segment in London. Beyond expanding our footprint in the UK, this acquisition will enable us to use Addison Lee’s expertise to deepen and scale our premium point-to-point capability globally. It will also strengthen our overall point-to-point proposition, creating strong synergy with our existing businesses," Cheng Siak Kian, ComfortDelGro Managing Director and Group CEO.