ComfortDelGro acquires UK's iconic cab provider Addison Lee for $347m

ComfortDelGro acquires UK's iconic cab provider Addison Lee for $347m

Yellow CityCab Pte taxis, managed by ComfortDelGro Corp., sit at a traffic light in the central business district in Singapore. Photographer: Nicky Loh/Bloomberg

SGX-listed transportation firm ComfortDelGro Corporation is acquiring Addison Lee, London’s premium private hire, courier, and black taxi provider for £269.1 million ($347 million), according to an announcement.

Edited by: Joymitra Rai