IN THE NEWS
ADDISON LEE ANNOUNCES AGREEMENT TO ACQUIRE BLACK CAB OPERATOR COMCAB
Addison Lee, London’s leading private hire business, has announced an agree- ment to acquire black cab provider ComCab, creating the capital’s largest private hire and taxi company with over 7,000 vehicles. Business Matters reports that the acquisition will see Addison Lee purchase the London operations of Computer Cab plc (ComCab), City Fleet Networks and Flightlink Interna- tional from the ComfortDelGro Corporation. This now makes Addison Lee London’s largest private hire and taxi company, as well as London’s largest same day courier business. Following completion, customers will be able to book car, taxi, and courier services all on one seamless mobility platform. Addison Lee’s CEO Liam Griffin said: “I
am sure there will be a few raised eye- brows at this deal given that Addison Lee and black taxis were once seen as competitors. However, the industry we operate in has changed and this alliance combines the two most profes- sional companies in our sectors who share the same focus on quality of service, the customers we serve and the importance of the drivers. “We have always held the black taxi as our benchmark, and it’s now a privilege to be able to work with them. “As London emerges from the pandemic, there’s going to be a significant increase in demand for safe, quality transport from both corporates and consumers. “The London black taxi is iconic and famous as the best taxi service any- where in the world. By bringing
Addison Lee and ComCab together we consolidate our position as the market leader in corporate ground transport and we will be able to meet the need for quality and excellence in a way that none of competitors can.” Rudy Tan, CityFleet Networks CEO, said: “We are excited to be coming together with a strong brand like Addi- son Lee that shares many of our same values. “By joining forces with Addison Lee, our customers will have access to a wider choice of premium transport solutions, and our hackney carriage drivers will get access to a growing pool of customers and more opportu- nities to work. “Keeping the ComCab branding will preserve our status as the leading taxi operator in London.”
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JULY 2021
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