Public transport operator Transdev PLC, has acquired UK transport-on-demand company Cabfind.com, for an undisclosed sum.
Last week Cabfind.com announced a 13.2% increase in turnover and a 54% increase in staff. Cabfind.com is now a wholly owned subsidiary of Transdev.
Cabfind.com, based in Wirral, provides transport-on-demand cars and coaches to more than 120 corporate accounts in the private and public sectors. Clients include Channel 4, Capita, TNT and HM Prison Service.
Transdev moves more than three billion passengers per annum worldwide, through transport services including bus, rail and business transport.
Transdev employs 1,200 people in the UK, operating deregulated bus services in the North of England, aircrew transport services through its Heathrow based CCH subsidiary, and private hire services in London through its ‘greentomatocars’ and Trident Niven operations.
Nigel Stevens, Transdev UK and Ireland chief executive, said: “Cabfind.com has an unmatched supplier network across the UK and the team has shown that it is committed to delivering ‘transport-on-demand’ services to an impressive client list. We look forward to working with the board to realise the ambitious roll out and further develop the brand across our global network.”
Chris Jordan, managing director of Cabfind.com, said: “The taxi market sector is in a profound state of change, not just in the UK, but throughout the world; in the main brought about by improved technology.
“In Transdev, we have found a partner which matches our ambitious vision of the future for ‘transport-on-demand’ services. This involves working in collaboration with existing taxi and private hire operators, and will enable a fast-track roll out of the five year plan to take Cabfind.com into the consumer space and across the European and American markets.”
Cabfind.com founders Chris Jordan and Tim Jordan will continue as managing director and business development director after the acquisition.
Also joining the management board are Debbie Thompson, James Gallacher, Jenny Procter and Jonathan Brennand.