“Grab’s industry-leading tech will help our taxi drivers drive more productively and safely while serving their passengers better. We are confident this deal protects their future,” said Jasmine Tan, General Manager, Trans-cab. “Consumer behaviours have shifted and we’ve recognized for some time the need to digitise the business and ensure our taxi drivers can continue to be competitive.
The acquisition includes Trans-cab’s taxi and car rental business, maintenance workshop, and fuel pump operations. Trans-cab has a combined taxi and private-hire-vehicle (PHV) fleet of more than 2,500 vehicles, and is accretive on a net income basis to Grab’s business. Trans-cab is Singapore’s third largest taxi operator, a familiar and well-respected local brand that has been serving Singaporeans since 2003.
to acquire 100% of the shares in Trans-cab. SINGAPORE, 20 July, 2023 - Grab Holdings Limited (NASDAQ: GRAB) and Trans-cab Holdings Ltd (“ Trans-cab ”) today announced the signing of an agreement for Grab Rentals Pte. Hyperlocal mapping technology and location data solutions for businesses
