SINGAPORE: Grab will acquire Singapore's third-largest taxi operator Trans-cab, which has a fleet of more than 2,500 vehicles. Announcing the move on Thursday (Jul 20), the two companies said the acquisition of 100 per cent of the shares in Trans-cab will be done through Grab Rentals.
SINGAPORE: Grab will acquire Singapore's third-largest taxi operator Trans-cab, which has a fleet of more than 2,500 vehicles.
"The acquisition includes Trans-cab’s taxi and car rental business, maintenance workshop and fuel pump operations," they said in a joint media release. Trans-cab’s general manager Jasmine Tan said consumer behaviours have shifted and the company recognises the need to digitise the business. Grab said it plans to launch an enhanced application that will be integrated with the mobile display units in Trans-cab taxis.
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