Addison Lee will acquire black taxi operator ComCab, making it the largest private hire and taxi company in London.
The business will have a combined fleet of 7,000 vehicles, once the deal is completed.
Addison Lee has agreed to purchase the London operations of ComCab, City Fleet Networks and Flightlink International from the ComfortDelGro Corporation.
Following completion, customers will be able to book car, taxi, and courier services all on one mobility platform.
Addison Lee’s CEO Liam Griffin said, “I am sure there will be a few raised eyebrows at this deal given that Addison Lee and black taxis were once seen as competitors. However, the industry we operate in has changed and this alliance combines the two most professional companies in our sectors who share the same focus on quality of service, the customers we serve and the importance of the drivers. We have always held the black taxi as our benchmark, and it’s now a privilege to be able to work with them.”
Rudy Tan, CityFleet Networks CEO, added: “We are excited to be coming together with a strong brand like Addison Lee that shares many of our same values. By joining forces with Addison Lee, our customers will have access to a wider choice of premium transport solutions, and our Hackney Carriage drivers will get access to a growing pool of customers and more opportunities to work. Keeping the ComCab branding will preserve our status as the leading taxi operator in London.”