MERGERS AND
CITYFLEET NETWORKS PURCHASES ARGYLE SATELLITE TAXIS AS THE FIRM EXPANDS ITS BUSINESS IN THE NORTH WEST
CityFleet Networks Ltd acquired Wirral- based taxi Argyle
Satellite
Taxis, on 10 March in a seven-figure deal. In a strategic move for growth across the North West the deal is CityFleet Net- work’s largest move into the private hire vehicle market out- side London. Already one of the largest
point-to-
point transport com- panies in the UK, boasting Computer Cab plc, ComCab (Liverpool), ComCab (Aberdeen)
and
Comfort Executive (London) in its port-
firm,
folio, CityFleet Net- works now plans to build on the growth of Argyle Satellite, developing it as a hub for further ex- pansion
and
investment. Argyle Satellite has had success after its foundation in 2017, seeing a 40 per cent growth in fleet size over the last three years, servicing four million journeys in the process. Argyle Satellite will contin- ue to provide the best possible service under the new own- ership, enhancing its reputation as the Wirral’s largest and
most trusted taxi company. This deal will see Argyle Satellite fo- cus on further in- vestment in technol- ogy, creating im- provements for both passengers and dri- vers, while enabling the service to extend across the Wirral Peninsula. Karen Long, City- Fleet
Network’s
general manager in the North West, said: “This deal presents us with a strong brand, a robust busi- ness, and a great opportunity to grow and invest in an area that is very close to
our hearts, having al- ready acquired Mer- sey Cabs, now Com- Cab Liverpool. “I joined the compa- ny almost 30 years ago; CityFleet Net- works
acquired
MerseyCabs in 2008 and so I have also seen first-hand the benefits that a merg- er can have on a company in this sec- tor.” Chris Jordan, former
(l-r) Terry Wilson (AS), Billy Stevenson (AS), Chris Jordan (AS), Karen Long (CF), John Dunne (AS), Terry Holden (AS)
director at Argyle Satellite Taxis, ad- ded: “CityFleet has ambitious plans to continue improving the taxi experience for its customers and drivers in the North West. I’m sure they will prove to be the perfect stewards to take Argyle Satellite to the next level. Karen and the team at CityFleet are 100 per cent committed to upholding Arg- yle’s proud tradition and working with our dedicated staff and management to take the business forward as we enter into this new era.”
EXE CARS MERGE WITH PLYMOUTH’S NEED-A-CAB SO EXETER ‘CAN MAINTAIN COMPETITION’
Taxi firm Exe Cars has merged with Plymouth’s Need-A- Cab after ‘months of negotiation’. PlymouthLive re- ports
that
competitive private hire company,
in the
merger is so “Exe Cars can become the company to set new standards for the industry in Exeter,” Need-A-Cab says. It comes comes as Apple Taxis and Z- Cars announced a merger earlier last month as part of a bid to fight off ride sharing app Ola. Exe Cars, which has been trading for over seven years, will now be known as Need-A-Cab - and changes are coming too.
74
Dave McIntosh, head of operations for Need-A-Cab
They will be intro- ducing uniformed drivers, an app so customers can book and pay for vehicles, and all cars will have card readers. A statement issued by the management team at Need-A-Cab reads: “I can confirm
that Exe Cars of Exeter and Need-A- Cab of Plymouth have merged, with effect from Midnight on 31 st January 2020. “We decided that the people of Exeter deserved a profes- sional, reliable and
order that competi- tion in the city is maintained and that no company is able to monopolise either the city or the peo- ple and to ensure that standards are kept at the highest levels possible. “We will train new drivers in-house, so that they learn from the outset, the stan- dards expected of anyone who drives for our company and have the ability to teach and assess the
Level 2
BTEC/NVQ in the Role of the Profes- sional Taxi and Private Hire Driver and intend to ensure that all Need-A-Cab
Exeter drivers, have the same level of training and knowl- edge, as the drivers in Plymouth, there- fore, standardising the level of cus- tomer service we provide as a group. “We will not, as has been suggested, be bringing vehicles from Plymouth to operate in Exeter and the Exeter Cir- cuit Fee/office rent will remain the same, despite rumours to the contrary! “Every driver who works for us will be treated fairly and we hold regular driver meetings, in order to discuss concerns, ideas and strategies for improving our service.
“The company will now be known as Need-A-Cab, but the telephone num- ber will remain the same. We will have a new logo on all future advertising and vehicles and uniformed drivers to make it easier to identify your vehicle and driver. “We will be intro- ducing a new app, but will maintain the personal touch for our older or less tech savvy friends and all drivers will have debit/credit card machines for ease of payment. “We thank you in advance for your patience and look forward to being of service to you.”
APRIL 2020
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