Singapore taxi firm ComfortDelGro to acquire AZ Bus charter assets for $10.25m

Singapore taxi firm ComfortDelGro to acquire AZ Bus charter assets for $10.25m

Photo: Bloomberg

Singapore’s largest taxi operator ComfortDelGro has announced that it will acquire the private bus chartering assets of AZ Bus Pte Ltd for $10.25 million as it seeks to consolidate its position in the industry.

In a statement, ComfortDelGro said the acquisition will be conducted by its bus operation arm ComfortDelGro Bus Pte Ltd. When completed, it will increase ComfortDelGro Bus’ fleet to 300 buses and, including sub-contractors’ buses, the total fleet will be about 460.

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