Add-on Acquisition • Business Services

ComfortDelGro Acquires A2B

On December 22, 2023, ComfortDelGro acquired business services company A2B for 182M AUD

Acquisition Context
  • This is ComfortDelGro’s 1st transaction in the Business Services sector.
  • This is ComfortDelGro’s 2nd largest (disclosed) transaction.
  • This is ComfortDelGro’s 5th transaction in Australia.

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M&A Deal Summary

Date December 22, 2023
Target A2B
Sector Business Services
Buyer(s) ComfortDelGro
Deal Type Add-on Acquisition
Deal Value 182M AUD

Target Company

A2B

Sydney, Australia
A2B provides pay for taxi related services domestically and internationally. A2B was founded in 1976 and is based in Sydney, Australia.
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Buyer Overview 1

Buyer

ComfortDelGro

Singapore, Singapore

Category Company
Founded 2003
Sector Transportation
Employees24,535
Revenue 4.5B SGD (2024)
DESCRIPTION

ComfortDelGro is a provider of transportation services. ComfortDelGro was founded in 2003 and is based in Singapore.


Deal Context for Buyer #
Overall 13 of 13
Sector: Business Services 1 of 1
Type: Add-on Acquisition 11 of 11
Country: Australia 5 of 5
Year: 2023 1 of 1
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Ming Chuan Transportation

Singapore, Singapore

Ming Chuan Transportation offers transportation services to clients who operate a network of day-care and physical disability centers across Singapore.

Buy S$9M