Jul 21, 2023 04:08 PM
BUSINESS
Grab to Buy Singapore’s Third-Largest Taxi Company
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Grab’s headquarters in Singapore in May 2022. Photo: VCG
(The Straits Times) — Ride-hailing giant Grab Holdings Ltd. is acquiring Trans-cab, Singapore’s third-largest taxi operator.
The purchase — for an undisclosed amount but understood to be more than S$100 million ($75.5 million) — includes some 2,200 taxis and more than 300 private-hire vehicles that Trans-cab owns. It also includes Trans-cab’s vehicle workshop and fuel pump operations.
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