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ComfortDelGro acquires local bus operator's chartering assets for $6.5 mil

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ComfortDelGro acquires local bus operator's chartering assets for $6.5 mil

Michelle Zhu Published on Wed, Jul 25, 2018 / 11:41 PM GMT+8

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SINGAPORE (July 25): ComfortDelGro (CDG) is acquiring Ric-Tat Travel & Coach Services’ private bus chartering assets for $6.45 million through the group’s wholly-owned subsidiary, ComfortDelGro Bus.

The latest deal includes Ric-Tat’s existing charter contracts, 72 buses and associated drivers.

It will bring ComfortDelGro Bus’s staff strength to 374 and its fleet numbers to 370 buses, with a total fleet size of about 530 buses including those of sub-contractors.

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