The story was first released by broadsheet The Straits Times, which reported that Grab will take over Trans-cab's over 2,200 taxis and 300 private-hire vehicles for an undisclosed amount which is said to be around $100 million.
Grab Holdings has announced that it will be acquiring 100% of the shares in Singapore's third-largest taxi operator, Trans-cab Holdings.
The acquisition, which includes Trans-cab’s taxi and car rental business, maintenance workshop, and fuel pump operations, will be made through Grab's GrabRentals arm.
