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  5. ComfortDelGro Acquires Shenyang ComfortDelgro Bus Co.

M&A Deal Summary

ComfortDelGro Acquires Shenyang ComfortDelgro Bus Co.

On October 28, 2005, ComfortDelGro acquired insurance company Shenyang ComfortDelgro Bus Co. for 73M USD

Acquisition Highlights
  • This is ComfortDelGro’s 1st transaction in the Insurance sector.
  • This is ComfortDelGro’s 5th largest (disclosed) transaction.
  • This is ComfortDelGro’s 1st transaction in China.

M&A Deal Summary
Date 2005-10-28
Target Shenyang ComfortDelgro Bus Co.
Sector Insurance
Buyer(s) ComfortDelGro
Deal Type Add-on Acquisition
Deal Value 73M USD

Target

Shenyang ComfortDelgro Bus Co.

Shenyang, China
Shenyang ComfortDelgro Bus Co. Ltd. is a operator of 50 bus routes, 1,218 buses in the city. Shenyang, which has a population of 7.5 million people, is the capital of Liaoning Province in Northeastern China. Shenyang City has a total of 4,700 public buses, translating into a ratio of 13.5 buses per 10,000 residents.

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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 5 of 13
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 11
Country: China M&A 1 of 1
Year: 2005 M&A 2 of 2
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Westbus Group

Australia

The Westbus Group, with 957 employees and a fleet of 614 buses, operates just under 25% of New South Wales’ (NSW) private bus services and is based in Western Sydney and Hunter Valley. Besides these, the Westbus Group also operates coach services in London under Westbus International Luxury Coach Travel.

Buy AU$107M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-05 Your Taxi

Birmingham, United Kingdom

Your Taxi Ltd. is a licensed taxi and private hire company in Birmingham, as part of an overall strategy to increase its presence in the United Kingdom. Your Taxi has been making significant inroads into the Birmingham market. With a fleet of 121 cars on its radio circuit, it has won significant corporate account business from TOA. It recently acquired a private hire vehicle company, Birmingham Radio Cars, which fits well with ComfortDelGro’s recent expansion into the private vehicle hire business.

Buy -
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