The group adds that the acquisition will “serve as a catalyst for ComfortDelGro (SGX:C52
) ’s expansion into an attractive premium mobility market, strengthening its overall point-to-point proposition in the UK and globally”.
ComfortDelGro Corporation has announced that its wholly-owned subsidiary, CityFleet Networks, has acquired Addison Lee for GBP269.1 million ($461.2 million), according to an Oct 23 release.
According to the group, Addison Lee is currently London’s leading premium private hire, courier and black taxi provider. Jefferies was the exclusive adviser to Addison Lee for this transaction.
