Public transport operator Transdev has acquired UK-based firm cabfind.com for an undisclosed fee.
Cabfind.com, which is headquartered in Wirral, provides transport-on-demand cars and coaches to more than 120 corporate accounts in the private and public sectors.
The family-owned company, which had a turnover of £17 million in 2014, becomes a subsidiary of Transdev UK and Ireland.
Transdev’s revenue in 2013 was €6.6 billion. In the UK, Transdev employs 1,200 people 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.
Cabfind.com managing director Chris Jordan, Transdev UK & Ireland chief executive Nigel Stevens, and Cabfind.com business development director Tim Jordan.Transdev UK and Ireland CEO Nigel Stevens, 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.”
Cabfind.com managing director Chris Jordan, 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.”
Founders Chris Jordan and Tim Jordan will carry on as MD and business development director after the acquisition. Also joining the management board are Debbie Thompson, James Gallacher, Jenny Procter and Jonathan Brennand.