M&A Deal Summary

ComfortDelGro Acquires Ming Chuan Transportation

On January 10, 2022, ComfortDelGro acquired transportation company Ming Chuan Transportation for 9M SGD

Acquisition Highlights
  • This is ComfortDelGro’s 11th transaction in the Transportation sector.
  • This is ComfortDelGro’s 8th largest (disclosed) transaction.
  • This is ComfortDelGro’s 1st transaction in Singapore.

M&A Deal Summary

Date 2022-01-10
Target Ming Chuan Transportation
Sector Transportation
Buyer(s) ComfortDelGro
Deal Type Add-on Acquisition
Deal Value 9M SGD

Target

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.

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Buyer(S) 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 STATS #
Overall 12 of 13
Sector: Transportation M&A 11 of 11
Type: Add-on Acquisition M&A Deals 10 of 11
Country: Singapore M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Young’s Bus Service

Rockhampton, Australia

Young’s Bus Service is a bus operator in Rockhampton and operates Urban Regional Bus and School Bus Service Contracts which provide dedicated routes and school bus services under long-term contracts with the State Department of Transport and Main Roads for Queensland. Young’s Bus Service is based in Rockhampton, Australia.

Buy AU$18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-22 A2B

Sydney, Australia

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

Buy AU$182M