WIRRAL

Transdev PLC acquires Cabfind.com to drive UK transport expansion

Transdev PLC, one of the world’s biggest public transport operators, has acquired UK transport on demand company Cabfind.com, for an undisclosed sum, to expand its UK business. 

Cabfind.com, which is headquartered in Wirral, Liverpool City Region, provides transport on demand cars and coaches to more than 120 corporate accounts in the private and public sectors, including Channel 4, Capita, TNT and the HM Prison Service.

Cabfind.com is now a wholly owned subsidiary of Transdev, a global player in the transport sector, who moves more than three billion passengers worldwide per annum through their multi-modal transport services that include bus, rail and also business transport globally.

Transdev’s revenue in 2013 was €6.6 billion. Cabfind.com’s revenue in 2014 was £17 million. 

In the UK, Transdev employs 1,200 people operating deregulated bus services in the North of England, aircrew transport services through its Heathrow based CCH subsidiary, and private hire services in London through its greentomatocars and Trident Niven operations.
Nigel Stevens, CEO Transdev UK and Ireland, said:

“Cabfind.com has an unmatched supplier network across the UK and the team has shown that it is committed to delivering ‘transport-on-demand’ services to an impressive client list. We look forward to working with the board to realise the ambitious roll out and further develop the brand across our global network.”

Chris Jordan, managing director at Cabfind.com, said;

“The taxi market sector is in a profound state of change, not just in the UK, but throughout the world; in the main brought about by improved technology. In Transdev, we have found a partner which matches our ambitious vision of the future for ‘transport-on-demand’ services. This involves working in collaboration with existing taxi and private hire operators, and will enable a fast-track roll out of the five year plan to take Cabfind.com into the consumer space and across the European and American markets.”

Cabfind.com founders Chris Jordan and Tim Jordan will carry on as MD and business development director after the acquisition. Also joining the management board are Debbie Thompson, James Gallacher, Jenny Procter and Jonathan Brennand. 

Cabfind.com has more than 100 employees. Its propriety software books and manages cars from a fleet of 140,000 and 2,300 approved suppliers in the UK.

Cabfind.com were advised by Sue Roberts of Hill Dickinson, Gordon Lane and Andrew Stubbs from Seneca Partners Corporate Finance Team.