ComfortDelGro Acquires Addison Lee for $350 Million

The Singapore-based transport group expands its global reach by purchasing London's largest taxi operator.

ComfortDelGro's acquisition of Addison Lee includes 7,500 drivers and 5,000 vehicles, enhancing its UK fleet.
Addison Lee operates about 2,500 black cabs in London, representing 16% of the city's taxi fleet.
The acquisition supports ComfortDelGro's strategy to grow its premium point-to-point services worldwide.
Addison Lee's management, including CEO Liam Griffin, will remain in place post-acquisition.
The deal aligns with ComfortDelGro's plans to electrify its fleet, complementing Addison Lee's existing electric vehicle initiatives.