[ad_1]
SINGAPORE: CityFleet Networks, ComfortDelGro subsidiary, acquires UK CMAC Group for S$135.4 million (GBP 80.2 million), Singapore Enterprise Overview experiences.
With this acquisition, ComfortDelGro now extends its attain into 12 nations throughout the globe, solidifying its place within the mobility providers sector.
CMAC Group, recognized for its experience in managing floor transport and lodging networks, operates in varied European nations, together with the UK, France, Spain, Portugal, Greece, and the Netherlands.
Yearly, CMAC assists roughly three million travellers, making certain clean journeys and managing disruptions on behalf of airways, floor handlers, practice operators, and companies.
CMAC’s Suntransfers model additional enhances its portfolio by offering non-public and ride-share transfers to greater than 500 airports, bus and practice stations, and ports globally.
Mark Greaves, Chairman of ComfortDelGro, expressed his enthusiasm concerning the acquisition, highlighting its strategic benefits. He acknowledged:
“The acquisition of CMAC means we not solely obtain a significant growth of our footprint within the UK and entry into a number of new nations in Europe but additionally purchase an intensive community of transport operators, strengthening our point-to-point transport options in addition to rising our buyer base.”
As of two:05 p.m. SGT, ComfortDelGro’s shares are experiencing a slight lower, buying and selling 1 cent decrease or 0.71% down at S$1.39. /TISG
Learn additionally: Purchase name on ComfortDelGro by Maybank Securities analyst Eric Ong
The submit ComfortDelGro subsidiary acquires UK CMAC Group for S$135.4M appeared first on The Unbiased Singapore Information – Newest Breaking Information
[ad_2]
Source link
