ComfortDelGro subsidiary acquires assets of Perth-based taxi management company

COMFORTDELGRO Corporation's (CDG) wholly owned subsidiary, Swan Taxis, has entered into an agreement via its subsidiary ComfortDelGro Swan (CDGS) to acquire the business assets of taxi management company Metro WA Taxi Management for A$5.3 million (about S$5.5 million).

With a fleet of 170 taxis, Metro Taxi is the largest taxi management company in Perth. It provides taxi plate management, ownership and maintenance of taxi fleet, and leasing of taxis to hirers.

"With this acquisition, Swan will be expanding vertically into fleet management and not just be a despatch service provider. Swan plans to retain the trade name Metro Taxi for these cabs," said CDG in a release to the Singapore Exchange on Tuesday evening.