News

Transport & Logistics

Staff Reporter

, Singapore

Published:

3 years ago

367 views

Representatives of Strides Taxi and Premier Taxis witnessed the signing of the merger (Photo from Strides Mobility)

Strides Taxi, Premier Taxis to merge as Strides Premier

The merger will benefit SG drivers' and passengers' long-term interests.

Strides Taxi and Strides Automotive Services merged with Premier Taxis and Premier Automotive Services to create Strides Premier, a joint venture company aimed to become Singapore's second-largest taxi operator with a significant presence in its Point-to-Point transport industry.

Strides Holdings will hold a majority stake in Strides Premier, whilst Premier Corporation and BS Inventors will jointly hold the remaining stake.

The merger will benefit the long-term interest of drivers and passengers and enhance efficiency as the demand for taxis and private hire cars (PHCs) rebounded to pre-pandemic levels.

The new company will offer technical expertise and workshop capabilities to service the expanded fleet resulting from the merger.

Ang Wei Nang, Strides Premier CEO (Designate), said the merger would help drive greater efficiency and better services for vehicle hirers and end users of its taxis and PHCs.

"As Strides Premier, we will continue introducing innovative and flexible solutions enhancing the overall end-user experience in the country's point-to-point industry," Ang said.

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