MERGERS & ACQUISITIONS ADDISON LEE ACQUIRES
SUSTAINABLE CAR SERVICE GREEN TOMATO CARS
On Friday 30 June, Addison Lee announced the acquisition of Green Tomato Cars, a London- based car service that has led the industry in sustainability over the last ten years. Having now added over 1,000 EVs to its fleet, following its com- mitment in November 2021 to transition its standard fleet to electric, the partnership will be invaluable in supporting its customers achieve
their
sustainability and net zero targets. Addison Lee and Green Tomato Cars have been operating in London for a combined 100 years. The deal strengthens Addison Lee’s market leading position as the capital’s largest private hire, taxi and same day courier business. It also includes the
acquisition of executive car providers, Brunel and Travelhire. This deal follows Addison Lee’s strong financial results for 2022 alongside the acquisition of ComCab London in July 2021, which gave its customers access to private hire, taxi and same day courier services all on one platform. This additional supply of vehicles takes the Addison Lee fleet to over 7,500, ensuring the firm is ready to meet growing
demand for reliable and profes- sional transport across the city. Commenting on the acquisition, Addison Lee’s CEO, Liam Griffin, said: “I’m pleased to see Addison Lee unite these great London companies with shared values focused on quality, reliability, and sustainability. The London private hire market is thriving, and this acquisition supports our growth and ability to
meet every
Londoner’s transport needs. “With London businesses now wanting their employees back in the office more frequently, demand for corporate travel is increasing. And as London’s
economy
continues to bounce back, Addison Lee is in a stronger position than ever to offer safe, qualit, and sustainable transport services.”
16
JULY 2023 PHTM
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