ComfortDelGro Corp (CDG) through its wholly-owned subsidiary CityFleet Networks has acquired UK-based ground transport management and accommodation network specialist CMAC Group for GBP80.2 million ($135.4 million).
CMAC has an extensive network of approved and certified suppliers to provide around-the-clock specialised pre-planned and on-demand emergency passenger transport and accommodation solutions to businesses in the rail, travel, healthcare, corporate and public sectors.
Its operations cover the UK, France, Spain, Portugal, Greece and the Netherlands, managing disruptions and journeys for close to three million travellers annually on behalf of airlines, ground handlers, train operators and companies.
Through its Suntransfers brand, CMAC also manages private and ride-share transfers to over 500 airports, bus and train stations and ports worldwide.
CDG managing director and group CEO Cheng Siak Kian says the acquisition is aligned with CDG’s strategy to expand its point-to-point mobility services and offerings.
“As an established player in providing wide-ranging emergency passenger transport services to businesses, CMAC is complementary to our operations in the UK and Europe, allowing us to expand our business-to-business offerings in the region,” he adds.
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In addition to the services provided by CMAC, CDG also owns and operates taxis and private hire vehicles through its CityFleet Networks in Aberdeen, Liverpool and the Northwest region. It also operates Metroline buses and Westbus coaches in London, Adventure Travel buses and coaches in Wales, as well as the Megabus, Scottish and Irish Citylink intercity coach services.
With the acquisition of CMAC Group, CDG now provides mobility services in 12 countries worldwide.
As at 9.43am, shares in CDG are trading 1 cent lower or 0.71% down at $1.39.
