BUSINESS NEWS A DECADE AFTER LAUNCH
MINICABIT IS NOW PART OF CMAC GROUP
Peter Slater, CMAC CEO, stated: “I am delighted that minicabit is now part of CMAC to enhance our ability to
provide aggregated
Minicabit is now part of the CMAC Group. This follows the signature of an asset purchase agreement on 3 December 2025 This brings minicabit’s online comparison capability and tran- sport network into CMAC Group’s established aggregation platform, further strengthening their position as a leading transport network aggregator.
services to our customers and clients.
“Our model of connecting suppliers with customers continues, expanding our offerings in the UK, EU & Worldwide.” Amer Hasan, founder/CEO of minicabit stated: “I’m excited that after over a decade since we launched, minicabit is now a part of CMAC Group, unlocking more opportunities for our platform,
suppliers, travel partners and customers.” With over 18 years of continuous operation, CMAC Group partners with more than 3,000 private hire and taxi operators nationwide. Their reputation is built on scale, reliability, and trust, supported by a strong and consistent track record of paying fleets and suppliers in full and on time.
GETT EYES $50 MILLION UK EXIT MONTHS AFTER TAKEOVER AS FOCUS SHIFTS TO ISRAEL
Less than half a year after its acquisition by a heavyweight investment consortium, taxi app Gett is in advanced negotiations to offload its UK operations to a local competitor for approximately $50m.
The move, first reported by Calcalist, marks a swift strategic pivot by the new owners to shed the loss-making British wing and consolidate the company’s position in its home market. The negotiations are being spearheaded by Gett Chairman Ran Guron, following the $188 million acquisition of the company last August by a consortium including Leumi Partners, Mizrahi Tefahot, and the Phoenix. While Gett maintains a significant presence across major UK cities,
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including London, the division has struggled to f ind its footing. The UK operations “have been unprofitable for most of the past several years,” and the new ownership group reportedly agreed even before the takeover was finalised that the “UK activity should be sold.” If the $50 million deal crosses the finish line, it would significantly de-risk the investment for shareholders. Following the sale, Gett would retain only its Israeli operations, holding “net assets of roughly $70 million.”
The decision to focus exclusively on Israel comes at a volatile time for the domestic market. Transport Minister Miri Regev is currently moving to facilitate the entry of ride-hailing giant Uber into Israel - a move that poses a direct threat to Gett’s dominance. Reports suggest the Ministry of Transport is targeting a September 2026 launch for Uber. This looming competition “could erode Gett’s revenue, given its position as the largest player in the local taxi market.” While the UK sale offers a quick injection of capital, Gett must now prepare for a high-stakes battle on its home turf as the Director General of the Ministry of Transport continues “examining the implications of Uber’s entry into the Israeli market.”
FEBRUARY 2026 PHTM
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